Chart: Timeline of ZTE Sanctions
The U.S. Commerce Department on Monday announced punitive sanctions against China's ZTE Corp., the latest twist in a story that dates back eight years. The case began in 2012 when Washington began probing ZTE — the world's fourth-largest telecom-equipment provider — over allegations that it sold networking equipment containing U.S.-made parts to Iran in violation of U.S. sanctions at that time.
ZTE later reached a settlement in the matter, allowing it to avoid a Washington order that would have barred it from buying U.S.-made components for seven years. But Washington later determined the company hadn’t fully complied with the settlement by failing to discipline certain employees, and reactivated the original ban earlier this week.Compiled by Sarah Winski, and Illustrated by Zhao Zhuoyan.
- 1Cover Story: How Bad Is China’s Manufacturing Exodus?
- 2CATL Unveils Battery That Power a Car Up to 1,000 Kilometers on One Charge
- 3Roundup: Where Analysts Think China’s Economy Is Going This Year
- 4Two Killed in Nio Test Car That Fell From Third Floor
- 5Four Things to Know About Chinese Policy Banks’ Extra $120 Billion for Infrastructure
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas