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Scott Bicheno: US blacklists Xiaomi because reasons

Summary:
Chinese gadget giant Xiaomi has been belatedly added to one of the US lists of companies its citizens aren’t allowed to interact with.But the tech guys aren't fooled!The US government is, of course, obliged to protect its citizens from foreign threats, but the nature of the threats addressed by these last-minute measures is very vague. Is Xiaomi actually accused of anything? If not, then surely this just amounts to collective punishment for the crime of being Chinese.Telecoms.com US blacklists Xiaomi because reasons

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 Chinese gadget giant Xiaomi has been belatedly added to one of the US lists of companies its citizens aren’t allowed to interact with.


But the tech guys aren't fooled!

The US government is, of course, obliged to protect its citizens from foreign threats, but the nature of the threats addressed by these last-minute measures is very vague. Is Xiaomi actually accused of anything? If not, then surely this just amounts to collective punishment for the crime of being Chinese.

Telecoms.com 

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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