ZTE seeking solution

Source: Xinhua | 2018-04-23

CHINESE telecom equipment maker ZTE is taking steps to comply with a United States “denial order,” the company said yesterday.

ZTE is communicating with relevant parties and is seeking a solution to the issue, the company told the Shenzhen Stock Exchange.

The statement came after the US Department of Commerce activated a denial of export privileges against ZTE for alleged violations of the US Export Administration Regulations.

ZTE attaches significant importance to the work on export control compliance, the company said.

Compliance is regarded as foundation to its strategy, ZTE said.