Visitors check out products at the ZTE stand at the Mobile World Congress in Barcelona in this February 24, 2014, file photo. The US government will give the Chinese telecom equipment and smartphone maker a reprieve on tough export restrictions it imposed this month, the Commerce Department said. Photo: Reuters

‘Innovation is neither an option nor an embellishment’: China’s ZTE vows to hit goal of US$31 billion by 2020 despite export ban

New president Zhao Xianming sends memo to staff guaranteeing promised incentives, says company will rebuild its operational philosophy

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Visitors check out products at the ZTE stand at the Mobile World Congress in Barcelona in this February 24, 2014, file photo. The US government will give the Chinese telecom equipment and smartphone maker a reprieve on tough export restrictions it imposed this month, the Commerce Department said. Photo: Reuters
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