Signage is displayed atop a ZTE Corp. building in Beijing, China/Photo: Gilles Sabrie/Bloomberg
U.S. Commerce Secretary Wilbur Ross told CNBC last week that the U.S. is considering a plan that would lift the export ban against China's second-largest telecom company. It would require ZTE to implant U.S.-chosen compliance officers, who would report back to the U.S. Department of Commerce.
May 30, 2018 at 06:11 PM
1 minute read
senior reporter
U.S. Commerce Secretary Wilbur Ross Jr. is scheduled to visit China June 2 to June 4 to resume trade talks, and perhaps reach an agreement on lifting a seven-year ban on exports of parts and technology to Chinese telecom giant ZTE Corp.
Ross told CNBC last week that the U.S. is considering a plan that would lift the export ban. It would require ZTE to implant U.S.-chosen compliance officers, who would report back to the U.S. Department of Commerce, Ross said.
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