U.S. bans American companies from selling to Chinese phone maker ZTE

U.S. bans American companies from selling to Chinese phone maker ZTE

6 years ago
Anonymous $CLwNLde341

https://finance.yahoo.com/news/exclusive-u-bans-american-companies-123757068.html

As part of the agreement, Shenzhen-based ZTE Corp promised to dismiss four senior employees and discipline 35 others by either reducing their bonuses or reprimanding them, senior Commerce Department officials told Reuters. But the Chinese company admitted in March that while it had fired the four senior employees, it had not disciplined or reduced bonuses to the 35 others.

ZTE “provided information back to us basically admitting that they had made these false statements,” said a senior department official. “That was in response to the U.S. asking for the information.”