China’s ZTE Said to Appeal US Export Ban After Lobby Efforts Fail

China’s ZTE Corp will appeal tough US export restrictions imposed last week, according to a person familiar with the matter, after the telecom equipment maker’s costly lobbying effort failed to allay concerns about its business. The US Commerce Department imposed restrictions on US suppliers providing crucial components to ZTE for alleged Iran sanctions violations, a move likely to disrupt its global supply chain. “The US Department of Commerce and ZTE Corp are in ongoing discussions,” a senior Commerce Department official told Reuters. “These discussions have been constructive, and we will…

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