U.S. companies have been banned for seven years from selling equipment to Chinese telecommunications company ZTE Corp. The ban stems from an earlier case in which ZTE plead guilty to violating U.S. trade sanctions on Iran. It marks the latest in a string of setbacks for Chinese tech companies doing business in the U.S. amid growing tensions over trade and technology transfer. In March 2017, ZTE agreed to pay US$892 million in fines and plead guilty to violating U.S. sanctions …

US Bans Technology Exports to China’s ZTE Over Trade Sanction Violations appeared first on China Money Network.


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