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Xiaomi is now suing the US government in hopes of reversing investment ban

The ongoing Xiaomi/US saga is quickly escalating. If you haven’t been following it closely, basically one of the swan songs of Trump’s government was to designate Xiaomi as a “Communist Chinese military company”. A title that would qualify it to fall under the administration’s Executive Order from November that bars American securities and investment companies from putting capital in said companies.

What being on the list currently entails in more practical terms is that if the decision stands all American institutional investors in Xiaomi would be forced to withdraw holdings in…