https://wccftech.com/zte-stock-races-up-by-17-after-doc-lifts-ban-but-fails-to-reach-pre-april-levels/

In April, Chinese telecommunications company ZTE (SHE:000063) received a major blow when the US Department of Commerce activated its suspended denial order. ZTE was found violating US trade sanctions under the Export Administration Regulations that prohibit trading with several countries.

ZTE was found guilty of providing US-made telecommunications equipment to North Korea and establishing telecommunications networks in Iran. However, looks like the company’s fortune just might have improved. Take a look below for more details.