Home > News content

The resurgence solution emerges: the production line receives the notice to prepare for the resumption of work.

via:CnBeta     time:2018/5/22 17:34:43     readed:227

The previous round of negotiations between China and the United States did not involve ZTE. The Wall Street Journal said that Chinese Foreign Minister Wang Yi will hold a meeting in Washington this week and will continue negotiations on ZTE. The U.S. Secretary of Commerce Wilbur Ross, who is responsible for the ZTE case, plans to arrive in Beijing next week.

In other words, the ZTE problem is developing in a good direction, but the fate of ZTE has not been finalized. ZTE declined to comment on the Wall Street Journal report.

A third-party core person close to the incident told the “Finance” reporter that even if high-level Chinese and U.S. officials finalize the solution for the ZTE Incident, ZTE will also experience notifications, propose solutions, and implement this long-term solution process. ZTE will not Respond to an anonymous source.

The above-mentioned core person stated, because the negotiation of Wang Yi and Wilbur-Ross did not begin, so ZTE does not receive any notice at present.

However, the “Financial” reporter received the news that on May 19, some managers of ZTE's production line had received notice of preparations for returning to work.

The "New York Times" reported on May 21st that the US Treasury Secretary Steven Mnuchin denied that the United States would reconsider whether to penalize China Telecom ZTE as part of the Sino-U.S. trade negotiations. Munuchin said that both ZTE and trade negotiations are not "exchange conditions."

The "New York Times" reported that Munuchin believes that the Trump administration will not easily "drain" the issue of ZTE or trade negotiations. Larry Kudlow, Trump's chief economic adviser, interviewed by the American Broadcasting Corporation, said: "Even if the solution to the ZTE problem has changed, it will still be very severe, including large fines and rectification measures. , new management and a new board. I think President Trump is doing this because he is very good with China."

However, some people interviewed by the "Finance" reporter said that ZTE's board of directors is facing a large probability of rectification, the ownership structure may also change.

(资料来源:天眼查)(Source: Sky Eye Search)

Sources told the “Finance” reporter that the shareholding of Shenzhen Zhongxing Weixiantong Co., Ltd. held by the founding team of ZTE is likely to be diluted in ZTE’s stock ratio. In response, Caijing asked the relevant parties for verification, and the other party did not respond.

(资料来源:(Source: ZTE official website)

The time for ZTE’s ban was substantially positive. It was on May 13 (US Eastern Time). U.S. President Trump posted on the social platform Twitter that day. Chairman Xi Jinping and he are working together to provide ZTE with a way to quickly resume business. Otherwise, China will lose too many jobs. He has instructed the Ministry of Commerce to complete this. jobs.

However, on May 16, Trump issued a series of tweets to criticize the U.S. media for his "false report" on his decision to resume the insider of ZTE.

Trump’s attitude toward the ZTE issue has repeatedly led to criticism from some Americans.

Frank Samolis, Co-Chair of International Trade at Squire Patton Boggs LLP, told the Caijing reporter that Trump’s actions were extraordinary and ironic—US Department of Commerce Because of the “232 investigation,” a 25% tariff was levied on imported steel, a tariff of 10% was imposed on imported aluminum, and a large number of U.S. companies were asked to lift restrictions, leaving the U.S. Department of Commerce overwhelmed with a large number of requests for backlogs. However, Pune began to intervene in helping ZTE. Trump’s government has emerged in various ways, but there is no clear overall strategy.

More sources said that the talks are still far from reaching an agreement. Any relaxation of the ban must be reviewed by the U.S. national security department.

From the perspective of helping Americans find employment, the former White House official Andrew Frank interpreted the “Financials” reporter. After the Ministry of Commerce’s professionals have made rulings, President Trump promotes policies in this form. It is a case. He may finally realize that the joint efforts of ZTE are not just China's employment, but also many U.S. jobs.

Perhaps to ease domestic sentiment, U.S. Finance Minister Nuumchin said in an interview earlier: “Our goal is not to let the (ZTE) company go bankrupt.”

China IT News APP

Download China IT News APP

Please rate this news

The average score will be displayed after you score.

Post comment

Do not see clearly? Click for a new code.

User comments