China's ZTE seeks end to ban on buying American technology

FILE - In this March 16, 2016, file photo, flags fly over the ZTE Global Cloud Computing Center in Nanjing in eastern China's Jiangsu province. Chinese tech company ZTE said late Sunday, May 6, 2018 it applied to the U.S. Commerce Department to suspend a seven-year ban on doing business with U.S. technology exporters. (Chinatopix via AP, File)

Chinese tech company ZTE applies for suspension of seven-year ban on buying US technology

HONG KONG — Chinese technology company ZTE says it has applied to the U.S. Commerce Department asking it to suspend a seven-year ban on it doing business with U.S. technology exporters.

The company said in a statement late Sunday that it had "formally submitted" a request to the Commerce Department's Bureau of Industry and Security for a "stay of the Denial Order."

It said it sent the bureau "supplemental information" following the ban. It gave no details in its brief statement.

ZTE Corp., which makes smartphones and telecoms equipment, was hit with the ban last month in a case involving exports of telecom gear to Iran and North Korea. The company has said that the ban threatens its existence by cutting off access to U.S. suppliers of key components like microchips.

The suspension came amid worsening trade tensions between the U.S. and China centered on technology-related intellectual property, though the case dates back to before President Donald Trump took office in January 2017. U.S. officials met last week in Beijing to discuss trade issues with their Chinese counterparts. During the meetings, Chinese officials said they also raised their objections to ZTE's punishment with the U.S. delegation, who they said agreed to report them to Trump.

U.S. authorities imposed the penalty after discovering that Shenzhen-based ZTE, which had paid a $1.2 billion fine in the case, had failed to discipline employees involved and paid them bonuses instead.

Peaple also read these

China launches its 1st unmanned cargo spacecraft

Apr 20, 2017

China has launched its first unmanned cargo spacecraft on a mission to dock with the country's...

World stocks mixed on Trump fallout, watch G-7...

May 12, 2017

World shares mixed amid US political uncertainty and ahead of G-7 finance chiefs' meeting

Computer beats Chinese champion in ancient board...

May 23, 2017

A computer that plays go has defeated China's top player of the ancient board came and the Chinese...

Foreign doctors deem ill Chinese Nobel laureate...

Jul 9, 2017

Two foreign specialists who visited Liu Xiaobo say the cancer-stricken Nobel Peace Prize laureate...

China criticizes British freedom of navigation...

Jul 31, 2017

China has criticized plans by Britain to send its new aircraft carriers on freedom of navigation...

Sign up now!