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China asks U.S. to amend 7-year ZTE business ban

China asks U.S. to amend 7-year ZTE business ban

May 4, 2018

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China has asked the United States to amend a seven-year ban on American companies selling components and software to Chinese telecom equipment firm ZTE Corp, two sources with knowledge of the matter said on Friday.

The appeal came during trade talks in Beijing this week between senior officials from both countries aimed at heading off a trade war.

Washington imposed the ban last month, accusing ZTE of breaking an agreement to punish employees after the Chinese maker of smartphones and telecoms gear shipped U.S. goods to Iran in violation of U.S. sanctions.

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