The chief financial officer of Chinese telecommunications firm Huawei Technologies has been arrested in Vancouver and is facing extradition to the US over alleged violation of US trade sanctions against Iran.
The shares of Chinese telecommunications outfit ZTE Corporation rose 17% in Hong Kong trading on Monday after the company met the final condition laid down by the US Commerce Department for resuming its business operations in the US.
The way has been cleared for Chinese telecommunications equipment vendor ZTE Corporation to resume its US business operations after an agreement was signed by the US and the company on Wednesday.
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