Trump says he's working with Xi to bring back China's banned ZTE [Los Angeles Times (CA)]
CHINA MOBILE (CHL)
US:NYSE Investor Relations:
chinamobileltd.com/en/ir/reports.php
Company Research
Source: Los Angeles Times
Trump says he's working with Xi to bring back China's banned ZTE President Trump has told the U.S. Commerce Department to get ZTE Corp., the massive Chinese telecom equipment maker, back into business after denying the company export privileges in April in a withering statement on ZTE's "egregious" behavior. Trump said in a Sunday morning tweet, posted minutes after arriving at his golf course in Virginia, that he and Chinese leader Xi Jinping are working together to give ZTE "a way to get back into business, fast." He said the "Commerce Department has been instructed to get it done!" because "too many jobs in China lost." A U.S. blockade has choked off the revenue of the No. 2 Chinese telecom company, which regards the next two weeks as crucial as it faces potential collapse. The firm said Thursday it's suspended all major operations. ZTE has been trying to resolve the blockade that Trump's Commerce Department imposed in April as punishment for violating the terms of a 2017 sanctions
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