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S&P Dow Jones Indices (S&P DJI) announced on Monday that Xiaomi is eligible to be included on indices again after it won a court ruling which temporarily lifted a US government investment ban in the Chinese smartphone maker.
On Jan. 31, Chinese smartphone maker Xiaomi announced to have sued the U.S. Department of Defense and the U.S. Treasury Department in hopes to reverse the executive order that bars American capital in the company.
US President Joe Biden plans to amend a Trump-era restriction on investments in companies found to be affiliated with China's military after the former administration’s policy confronted legal challenges, Bloomberg reported.