ZTE’s production activities reportedly returned to normal service and its carrier network business is on ...
The post ZTE gets back to business after US ban appeared first on Mobile World Live.
After battling the US sanctions for the most part of 2018, ZTE finally settled for $1.7 billion in sanctions and paid $1.4 billion back in July. This has resulted in the worst half ever by recording a net loss of $1.1 billion.
But despite the bad first half of 2018, the company is still expected to post a net profit between $3.54 million and $146.40 million throughout Q3 2018. Orders and production have returned to normal and are in line with July and August plans. The projected net loss due...
"The US Will Bear Responsibility": China Furious After US Sanctions Beijing For Buying Russian Weapons
It has been barely two weeks since China joined Russia in the "Vostok" war games, the largest display of Eurasian military might since 1981 when the Soviet Union was still a global superpower, and already the US has found an opening to try and drive a wedge between China and Russia, or at least express its displeasure with their increasingly close relationship.
Amid a simmering trade dispute between the US and China, the US has imposed sanctions on a branch of the Chinese military in...