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image: REUTERS/Thomas Peter

New executives at China’s ZTE say production back to normal

August 29, 2018

Via: Reuters

China’s No. 2 telecommunications equipment maker was crippled in April when the United States banned American firms from selling it parts, saying the company broke an agreement to discipline executives who had conspired to evade U.S. sanctions on Iran and North Korea.

The ban, which became a source of friction in Sino-U.S. trade talks, was lifted in July after ZTE paid $1.4 billion in penalties, allowing the firm to resume business.

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