China's ZTE Apologizes After Paying 'Disastrous Price' In U.S. Sanction Case

The chairman of ZTE Corp apologized to staff and customers on Friday after the Chinese technology firm agreed to pay a $1 billion fine to the United States to end a supplier ban that has crippled its business.The deal allows China’s second-largest telecoms equipment firm to restart operations, reaffirm supplier relationships and rebuild trust with global clients, as it works to move on from an episode which it said threatened its very existence.But industry experts estimate it would take at least a month for ZTE to ship phones again after the ban is lifted, while employees fear job cuts, wage reductions and a potential loss of customers, as the firm is set to reshuffle senior management.
 

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ZTE can pay their fine and continue with their business. Any company that breaks  laws and does deserves the financial hit. 
 

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Pathetic. Looks as a: "I had to give money to the US for selling our products even though we have 600 B in trade surplus"
 

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China has been stealing approx. $600 Billion of Intellectual Property annually and hes apologizing for returning $1 Billion. Am I the only one who doesn't see humor in this story?

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