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According to Reuters, the US Commerce Department lifted a ban on US companies selling goods to ZTE on Friday, allowing China's second-largest telecom equipment maker to resume operations. The US Department of Commerce has said that as part of the settlement agreement reached last month, the ban will be lifted after ZTE pays a $1 billion fine and deposits $400 million into a US bank escrow account.
As of Friday, the company is no longer the “list of rejected persons” of the Ministry of Commerce.
At the same time, ZTE’s official micro-station also issued good news for the first time, saying that “it is full of confidence to start again” and issued the voices of “He fears,” “re-ignition,” and “gratefulness.”
The ZTE incident lasted for nearly three months, during which it experienced various ups and downs. Today it finally rained fine. We also sincerely hope that ZTE, after the storm, will be able to build confidence in the construction of a compliance system, develop its business, and create value for its customers. It will strengthen its confidence and retreat and become an indispensable force in the global communications industry.