Shares of China’s second-largest cell phone maker, Xiaomi Group, have dropped almost 40 percent in value since the company was blacklisted by the U.S. government in January, and its market value has now evaporated by more than HK$300 billion ($38.64 billion). Following the first open day on the Hong Kong Stock Exchange in 2021, Xiaomi’s share…
Blacklisted Xiaomi Loses Over $38 Billion in Two Months
March 15, 2021
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Blacklisted Xiaomi Loses Over $38 Billion in Market Value in Two Months
March 15, 2021
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blacklisted chinese tech firmsChinaChina Business & EconomyChina-US NewsChinese Military Strategymarket valueTrump AdministrationXiaomi
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Shares of China’s second-largest cellphone maker, Xiaomi Group, have dropped almost 40 percent in value since the company was blacklisted by the U.S. government in January, and its market value has now evaporated by more than HK$300 billion ($38.64 billion). Following the first open day on the Hong Kong Stock Exchange in 2021, Xiaomi’s share price…
Pandemic May Have Been Caused by Bioweapon Research Accident in China: Former State Department Investigator
March 15, 2021
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The virus that caused the COVID-19 pandemic could have been the result of a bioweapon leak in China, according to David Asher, former lead COVID-19 investigator at the U.S. State Department. “This might have been a weapons vector gone awry; not deliberately released, but in development and then somehow leaked,” Asher said on March 12…
Court Ruling Suspends US Ban on Investment in Xiaomi
A U.S. federal judge on Friday temporarily blocked the Department of Defense from forcing American investors to divest from Chinese smartphone maker Xiaomi Corp on the grounds the company has ties to China’s military. The Defense Department, under the Trump administration in mid-January, added Xiaomi and eight other firms to a list that requires Americans…
Las Vegas Sands’ Asian Bet Facing Economic and Political Risks: Expert
As Las Vegas Sands Corp. eyes Macau and Singapore for future growth, an expert warned that this move will likely be entangled with economic and political risks. The upscale resort and casino company announced on March 3 that it has reached an agreement to sell its Las Vegas real property and operations, including The Venetian Resort…
Tariffs Not on Top Agenda During US-China Meeting: Sullivan
Trade will not play a central role when the Washington delegation meets with their China counterparts in Alaska next week, National Security Adviser Jake Sullivan told reporters on March 12. Sullivan and Secretary of State Antony Blinken will join talks with China’s foreign minister Wang Yi and senior foreign policy diplomat Yang Jiechi on March…
Hollywood Executive: From ‘Feeding the Dragon’ to Waking People Up
Chris Fenton, long-time Hollywood executive and author of the book “Feeding the Dragon,” said on Tuesday that Hollywood has been making the Chinese communist regime so strong that it’s now out of control. “It wasn’t until many years later that I realized, not only were we feeding the dragon, which is China, too much, but we…
Five Chinese Companies Pose Threat to US National Security: FCC
March 12, 2021
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WASHINGTON—The Federal Communications Commission (FCC) on Friday designated five Chinese companies as posing a threat to national security under a 2019 law aimed at protecting U.S. communications networks. The FCC said the companies included Huawei Technologies Co, ZTE Corp, Hytera Communications Corp, Hangzhou Hikvision Digital Technology Co and Dahua Technology Co. A 2019 law requires…
Beijing Seizes Upon Fauci’s Call for Solidarity to Push COVID-19 Propaganda
March 12, 2021
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Chinese state media has raved over Dr. Anthony Fauci’s recent calls for solidarity to combat the pandemic, using his comments to bolster Beijing’s virus narratives. Fauci, the top U.S. infectious disease expert and chief medical advisor to President Joe Biden, appeared with top Chinese epidemiologist Zhong Nanshan in early March during an online forum hosted…
GOP House Leader to Try to Remove Swalwell from Intelligence Committee
March 12, 2021
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House Minority Leader Kevin McCarthy (R-Calif.) plans to introduce a resolution next week to remove Rep. Eric Swalwell (D-Calif.) from the House Intelligence Committee. “Pelosi just reappointed Eric Swalwell to the Intelligence Committee. Based on the briefing she and I received together, Swalwell should not be on the panel in charge of guarding our nation’s…
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