ZTE corrects Chinese social media's misconception about the company

A year before Huawei was placed on the U.S Commerce Department’s Entity List and banned from accessing its U.S. supply chain,  . The company had sold goods and services to Iran and North Korea violating sanctions placed on those two countries and failed to adhere to punishments placed on it by the Commerce Department. After nearly one month of being unable to buy hardware, software, and components from the states, an unlikely savior appeared. President Donald Trump asked the Commerce Department to work out a deal with ZTE; the latter paid a $1 billion fine, put $400 million in escrow …

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