A departing senior executive at China’s ZTE Corp, which is fighting a crippling US supplier ban, said in a letter to staff that his departure amid a Sino-US trade war was “deeply humiliating”.
Zhang Zhenhui was one of scores of executives at China’s No 2 telecommunications equipment maker ordered to leave as part of a $1.4 billion settlement deal ZTE made with the US in June in order to end a seven-year supplier ban.
ZTE, which relies on US suppliers for core components, had to cease major operations in April after the US government imposed the ban, saying
Zhang Zhenhui was one of scores of executives at China’s No 2 telecommunications equipment maker ordered to leave as part of a $1.4 billion settlement deal ZTE made with the US in June in order to end a seven-year supplier ban.
ZTE, which relies on US suppliers for core components, had to cease major operations in April after the US government imposed the ban, saying