Thursday, May 17, 2018

Making China's ZTE GREAT AGAIN

US President Donald Trump said Sunday he was working with his Chinese counterpart Xi Jinping to prevent telecom giant ZTE from going out of business after it was hit by an American technology sales ban.
Writing on Twitter, Trump said he had issued instructions for officials to come up with a rescue plan, saying too many jobs were at risk.
“President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast,” Trump said.
“Too many jobs in China lost. Commerce Department has been instructed to get it done!”
ZTE announced last week that its major operations had “ceased” following the imposition of a ban by the Trump administration of American sales of critical technology to the company, raising the possibility of its collapse.
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