REMOVAL OF XIAOMI FROM US BLACKLIST BENEFICIAL TO CHINA, US & WORLD SAYS CHINESE COMMERCE MINISTRY

Highlights

• The Joe Biden administration on Wednesday made a decision to remove Chinese smartphone maker Xiaomi from the list blacklisted companies that restricted it from accessing American investment

Welcoming the US' move to remove Xiaomi Corp. from its blacklist, the Chinese commerce ministry spokesperson Gao Feng said “China has always believed that removing sanctions and restrictions and stopping suppr....