ZTE to pay record fine to get back in business

Jamie McKane

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ZTE to pay record fine to get back in business

The U.S. reached a deal to allow ZTE Corp. to get back in business after the Chinese telecommunications company pays a record fine and agrees to management changes, eliminating a key sticking point as the two countries try to avert a trade war.

“We still retain the power to shut them down again,” Commerce Secretary Wilbur Ross said Thursday in an interview on CNBC.

[Bloomberg]
 
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