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US lifts ban on suppliers selling to China's ZTE [Copy link] 中文

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Post time 2018-7-14 10:17:21 |Display all floors
(Reuters) - The U.S. Department of Commerce on Friday lifted a ban on U.S. companies selling goods to ZTE Corp, allowing China’s second-largest telecommunications equipment maker to resume business.

The Commerce Department removed the ban shortly after ZTE deposited $400 million in a U.S. bank escrow account as part of a settlement reached last month. The settlement also included a $1 billion penalty that ZTE paid to the U.S. Treasury in June.

“The department will remain vigilant as we closely monitor ZTE’s actions to ensure compliance with all U.S. laws and regulations,” Commerce Secretary Wilbur Ross said in a statement that described the terms of the deal as the strictest ever imposed in such a case.


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Post time 2018-7-14 10:17:37 |Display all floors

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Post time 2018-7-14 10:17:54 |Display all floors

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Post time 2018-7-14 10:18:07 |Display all floors

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Post time 2018-7-16 18:35:12 |Display all floors
Stick and carrot.
This is how orglichary USA try to tame Chinese enterprises.

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2015 Most Popular Member Medal

Post time 2018-7-16 20:34:21 |Display all floors
Does this mean people in the USA can buy $20 flip phones again?
You can make a call using one just as easily as with a $650 iPhone.
If capitalism promotes innovation and creativity then why aren't scientists and artists the richest people in a capitalist nation?

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