Economic news

ZTE is granted 1-month permission for activity in the U.S.

The U.S. is allowing ZTE to continue its business operations as the country’s administration ponders whether to lift a seven-year ban, according to Bloomberg News that is relying on the document it got its hands on.

The telecom company authorization is valid July 2 - August 1. And though the time when a permanent order will be issued is unclear, a source close to the process said that by August 1 ZTE should be compliant to the demands.

In Shenzhen the firm’s stock soared 10%, a daily limit, yesterday, the sharpest upswing in over a year. In Honk Kong shares vaulted 7.6%.


To leave a comment you must or Join us


More news


Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree