08-03-2016 05:28 via news.yahoo.com

China's ZTE urges suppliers to seek U.S. export licensee: source

HONG KONG/WASHINGTON (Reuters) - Chinese telecommunications equipment maker ZTE Corp has urged its U.S. suppliers to apply for export licensee to satisfy newly imposed U.S. trade restrictions, a source with direct knowledge of the situation told Reuters on Tuesday. The news came as export restrictions against ZTE for alleged Iran sanctions violations drew fire from the Chinese government, which said it was "resolutely opposed" to the tough measures but stopped short of announcing retaliation. Th
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