US Formally Lifts Ban on China's ZTE

The United States has formally lifted a crippling ban on exports to the Chinese telecommunications giant ZTE.  The Commerce Department said Friday that it had removed the ban after ZTE deposited $400 million in a U.S. bank escrow account as part of a settlement reached last month. ZTE has already paid a $1 billion fine that is also part of its settlement with the U.S. government.  "While we lifted the ban on ZTE, the department will remain vigilant as we closely...

© La Voix de l'Amérique - vendredi 13 juillet 2018