China’s ZTE stock surges after U.S. lifts supplier ban

A ZTE smart phone is pictured in this illustration

(Reuters) — Investors on Monday cheered the lifting of a U.S. supplier ban on China’s ZTE, pushing its shares up 17 percent, though analysts cautioned the telecommunications equipment maker still faced many challenges as it works to revive its business. The U.S. Commerce Department on Friday lifted a crippling ban on American firms selling pa…Read More

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