Having seen what happened in the United States and Chinese companies, ZTE wants to be able to continue operating in the country and for this they have just appointed a series of new executives to comply with the conditions imposed by the United States government and lift the prohibition that they have now imposed.
To do this, he would have modified the list of executives who are in charge of the company and appointed a new executive president and a financial director. In this sense, we must highlight an important point in the news and that is that it is a report leaked by The Wall Street Journal, and not officially confirmed by the Chinese company, ZTE.
US conditions drowned out ZTE
The Trump administration demands a series of requirements including the end of the negotiations with Iran and North Korea, this was the reason why it was used to prohibit operations and now to lift the veto of ZTE requires a renewal of senior positions.
Since last April they "have been unemployed" and this is not good for the Chinese firm. For this reason, several executives would be replaced and the president of operations for the United States would be the one who until now held the same position in Germany, Xu Ziyang. Be that as it may, the blow is hard and as much as ZTE tries to solve the problem, sales fell 100% and all this due to the new conditions imposed by the country. We certainly hope that all this can be solved as soon as possible.