21-04-2018 19:11 via finance.yahoo.com

U.S. regulator permits China's ZTE to submit more evidence

The U.S. Commerce Department has granted ZTE Corp's request to submit more evidence after the agency banned American companies from selling to the Chinese technology firm, a senior Commerce official said on Saturday.The U.S. Commerce Department's Bureau of Industry and Security, or BIS, this week banned American companies from selling to ZTE for seven years, saying the Chinese company had broken a settlement agreement with repeated false statements.The action was sparked by ZTE's violation of an
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