Topics
Telecom equipment maker falls foul of Washington again, after failing to follow through on agreement to discipline employees who sold products to Iran in violation of U.S. sanctions.
ZTE Hit by 7-Year U.S. Ban on Tech Exports
Telecom equipment company is accused of making false statements in last year’s settlement for violating U.S. sanction laws

CX Daily: China and EU Reach Agreement on Investment Pact
China cuts red tape to beef up its interbank bond market. The country’s Sinopharm says its Covid-19 vaccine is 79% effective

China’s Record 5G Blueprint for 2021 Electrifies Telecom Stocks
MIIT’s Xiao Yaqing discloses plan for additional 600,000 base stations in major cities, boosting shares of ZTE, Datang Telecom and other gear makers

Sweden Can Go Ahead With 5G Auction That Bans Huawei Gear, Court Rules
Country’s telecom regulator won its appeal to overturn a lower court’s ruling that blocked order barring bidders from using the Chinese company’s gear

U.S. Moves Against China Telecom and Huawei, Citing Security
Federal Communications Commission orders carriers to remove Huawei equipment, and commenced a proceeding asking whether to bar China Telecom from operating in the country

U.S. Blacklists State-Run Electronics Giant Over Venezuelan Collaboration
CEIEC's addition to Washington’s ‘entity list’ means the company will be cut off from its U.S. suppliers unless they get special licenses

China Looks Set to Miss U.S. Trade Deal Target, Latest Data Show
China needs to buy more than $95 billion worth of targeted goods in the last two months of the year to fulfill phase one agreement

CX Daily: Ant Group Gets Green Light for $3 Billion ABS Financing
Chinese president congratulates Joe Biden on his election. Boeing seeks to get its 737 Max back into the air in China

Bourse Queries Cash-Flush ZTE’s Need to Raise Extra Billions
Shenzhen exchange asks why the company needs to replenish liquidity when it had 43.5 billion yuan in cash at end of September

CX Daily: State-Owned Coal Mining Company Gets 9-Month Reprieve to Repay Defaulted Bonds
Chinese president vows to reach an investment deal with Europe this year. The country calls for fair treatment after India bans more Chinese apps

ZTE’s Designation as Security Threat Affirmed by U.S.
Action shows that the Federal Communications Commission remains determined to drive ZTE and its larger peer Huawei from the U.S. market

Q&A: Huawei’s Man in Sweden Talks Tech Bans and Free Competition
Kenneth Fredriksen says restricting use of the Chinese company’s equipment in the country’s 5G network will have negative consequences, including ‘loss of competitiveness and innovation power’

Sweden Suspends 5G Auction After Huawei Wins Court Appeal Against Exclusion
Regulator cutting off Chinese company from network bidding ‘affects Huawei’s rights,’ Stockholm court rules

Huawei Fights Back Against Swedish 5G Ban
The telecom giant has appealed a ban excluding them from the country’s 5G network just days before spectrum auctions are due to take place

Tencent-Backed Electric-Vehicle Maker Recalls 1,200 Cars After Three Catch Fire
Regulator instructs owners of Weltmeister EX5 400s with ZTE lithium batteries to stop driving their vehicles