The US government slapped a US$1.2 billion in fines on Chinese telecom giant ZTE for violations of US export controls for selling goods to Iran and North Korea. Photo: AFP

ZTE’s loss could be a gain for US-China trade relations

The telecoms firm’s compliance with a huge fine for violating US sanctions on North Korea and Iran may have helped avoid a potential political flashpoint

Topic |   ZTE

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The US government slapped a US$1.2 billion in fines on Chinese telecom giant ZTE for violations of US export controls for selling goods to Iran and North Korea. Photo: AFP
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