综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Companies

US to offer ZTE 'temporary relief' on export curbs: official

(Agencies) Updated: 2016-03-21 10:43

US to offer ZTE 'temporary relief' on export curbs: official

Visitors test smartphones at the ZTE stand during the Mobile World Congress in Barcelona. [Photo/Agencies]

The US Department of Commerce is expected this week to lift export curbs it imposed on Chinese telecom equipment and smartphone maker ZTE Corp for alleged violations of a US trade restriction.

"The relief would be temporary in nature and would be maintained only if ZTE is abiding by its commitments to the US Government," according to a senior official at the agency.

The Commerce Department restrictions imposed earlier this month made it difficult for ZTE to acquire US components by requiring its suppliers to apply for an export license before shipping any American-made equipment or parts to ZTE.

The department had said the license applications generally would be denied.

Shenzhen-based ZTE has been "in active, constructive discussions" with the Commerce Department for the past week, according to a senior official at the agency.

"As part of the effort to resolve the matter, and based upon binding commitments that ZTE has made to the US government, Commerce expects this week to be able to provide temporary relief from some licensing requirements," the official said.

The details of the commitments are expected to be published this week in the US Federal Register.

ZTE was not immediately available for comment.

Big hit

ZTE is among the largest companies that the Commerce Department has hit with a near-total export ban, according to public records.

It is the No 4 smartphone vendor in the United States, with a 7 percent market share, behind Apple Inc, Samsung Electronics Co and LG Electronics Inc, according to research firm IDC. It sells handset devices to three of the four largest US mobile carriers: AT&T, T-Mobile US and Sprint Corp.

The export restrictions have drawn protests from the Chinese government and rocked ZTE's business.

Its shares have not traded on the Hong Kong stock exchange for the past two weeks. The company also said last week it was delaying the publication of its annual results while it assesses the impact of Washington's action.

ZTE also said it would postpone its board meeting. Its shares last closed at HK$14.16, prior to a trading suspension on March 7.

Goldman Sachs suspended its coverage on ZTE, saying there was not enough information to determine an investment rating, price target and earnings estimates for the company.

Hot Topics

Editor's Picks
...
饶河县| 东兴市| 晋江市| 临沂市| 淳安县| 马龙县| 长治县| 通化县| 南乐县| 天镇县| 锡林郭勒盟| 宜宾县| 黄梅县| 宁强县| 婺源县| 凉城县| 通山县| 永顺县| 定兴县| 民勤县| 牡丹江市| 万源市| 丹棱县| 钟山县| 荣成市| 青田县| 庆城县| 尖扎县| 温州市| 新郑市| 米易县| 高邑县| 怀安县| 北票市| 尚义县| 清河县| 普兰店市| 武威市| 惠水县| 乌拉特前旗| 自治县|