U.S. grants China's ZTE temporary export license through June 30

U.S. grants China's ZTE temporary export license through June 30
 

WASHINGTON The U.S. government will give Chinese telecom equipment and smartphone maker ZTE Corp (000063.SZ) a brief three-month reprieve on tough export restrictions it imposed earlier this month, the Commerce Department said on Tuesday.
The department on March 8 imposed some of the toughest-ever U.S. export restrictions on ZTE for allegedly breaking U.S. sanctions against Iran. The agency said it would ease the restrictions until June 30th.
Experts had said the restrictions would have caused disruption across ZTE's sprawling global supply chain.
The restrictions would have banned U.S.... read more

 
23 March 2016 in Science &Technology, Views: 41
Source: Reuters
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