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U.S. and China reportedly working on a deal to save ZTE
2018-05-22T07:26:22Z - Catherine Shu / TechCrunch
The United States and China are said to be working on a deal that would keep ZTE from going out of business. If the deal goes through, the U.S. would lift the ban. In return, ZTE would have to make major leadership changes and also potentially face heavy fines. The Chinese government had reportedly demanded that the U.S. roll back sanctions against ZTE as a prerequisite for continuing trade talks, which stalled last month (though the countries agreed yesterday to continue). President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast.

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