Chinese telecom equipment maker ZTE Corp said the U.S. ban on technology exports to the firm is unfair and will “endanger its survival.” “This is extremely unfair and we do not accept it.” said the company in a statement. Three days ago, the U.S. government banned companies from selling equipment to ZTE for seven years due to its violation of U.S. trade sanctions on Iran. The U.S. Department of Commerce said ZTE made false statements to BIS in 2016, during settlement negotiations, …

ZTE Claims US Ban On Technology Exports "Endangers Its Survival" appeared first on China Money Network.