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Chinese ZTE Shares Surge After US Lifts Supplier Ban

Last updated on September 2, 2018

Chinese telecom equipment maker ZTE Corp surged more than 12 per cent in Hong Kong on Monday after the United States lifted a ban on American companies selling parts to the company that had crippled its business.

The US Commerce Department removed the ban shortly after ZTE deposited $400 million in a US bank escrow account as part of a settlement reached last month, which also . . .

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