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Trump says working with Xi to save telecom giant ZTE

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https://sg.yahoo.com/news/trump-says-working-xi-save-telecom-giant-zte-161704392.html

Trump says working with Xi to save telecom giant ZTE
AFP News 12 hours ago
0f091490403ac63f4c6ab9f8b4410111e8b6d492.jpg

US President Donald Trump says he is working with Chinese leader Xi Jinping to help telecom giant ZTE stay in business
US President Donald Trump said Sunday he was working with his Chinese counterpart Xi Jinping to prevent telecom giant ZTE from going out of business after it was hit by an American technology sales ban.

Writing on Twitter, Trump said he had issued instructions for officials to come up with a rescue plan, saying too many jobs were at risk.

"President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast," Trump said.

"Too many jobs in China lost. Commerce Department has been instructed to get it done!"

ZTE announced last week that its major operations had "ceased" following the imposition of a ban by the Trump administration of American sales of critical technology to the company, raising the possibility of its collapse.

ZTE's fibre-optic networks depend on US components and its cheap smartphones sold en masse abroad are powered by US chips and the Android operating system.

Without access to such technology, the company has been forced to partially shut down. "Major operating activities of the company have ceased," ZTE said in a filing Wednesday.

Beijing has closely followed the developments around ZTE, a company with 80,000 employees headquartered in southern China.

The ban on US sales to the firm arose from its skirting of US export controls by selling to banned countries like North Korea and Iran with employees documenting how to evade American oversight.

Those actions led to a $1.2 billion fine last year, with the current export ban imposed in April after ZTE allegedly failed to live up to its agreement, lying about the punishment of employees involved in the sanctions skirting.

Trump has insisted that relations between Washington and Beijing have never been better and he has been working closely with Xi in efforts to persuade North Korea to abandon its nuclear program.

But there have been tenisions on other issues with both countries threatening each other with trade tariffs.

There has been an intense rivalry for supremacy in key technology fields such as artificial intelligence and 5G, the next-generation wireless systems in the works.

Against that background, the Trump administration has barred military and government employees from using smartphones from ZTE and fellow Chinese maker Huawei.

Trump also earlier this year blocked a deal that would have allowed a Singapore-based firm to acquire US chipmaker Qualcomm, claiming it would enable Huawei to set the pace the global rollout of 5G technology.

The trade troubles threaten a technology sector that is increasingly intertwined with major players in the United States and China.
 
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i fell onto my bed and rolled laughing when i came to:

"President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast," Trump said.

"Too many jobs in China lost. Commerce Department has been instructed to get it done!"

Trump caring about Chinese jobs???????

More like too many jobs in America lost due to Qualcomm going out of business as a result of ZTE not buying anymore of their chips.

More like short-sighted Trump realizes the folly of banning US companies from selling to markets where they can atually still make big $$$ for now(like armed drones)

Looks like Trump likes 'face' just as much as the Chinese does.
 
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i fell onto my bed and rolled laughing when i came to:



Trump caring about Chinese jobs???????

More like too many jobs in America lost due to Qualcomm going out of business as a result of ZTE not buying anymore of their chips.

More like short-sighted Trump realizes the folly of banning US companies from selling to markets where they can atually still make big $$$ for now(like armed drones)

Looks like Trump likes 'face' just as much as the Chinese does.

Trump only wanted to pressurize China for delivering NK..which China did..and once target is accomplished..back to being friends..If you notice..China has lost all the zeal to support NK..
 
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Trump only wanted to pressurize China for delivering NK..which China did..and once target is accomplished..back to being friends..If you notice..China has lost all the zeal to support NK..
China doesn't operate by zeal. The relationship between China and US is not about friendship, its about interests and there are major interests at play. Don't be fooled by the back and forth, the political world has ebbs and flows. You can't just push your interests indefinitely and not give a single inch, unless you want conflict.

Basically China negotiated a relationship with NK where it saved NK's behind and it promises to denuclearise. That "zeal" is not important. If it develops smoothly then China will get what it bargained for in Korea.
 
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China doesn't operate by zeal. The relationship between China and US is not about friendship, its about interests and there are major interests at play. Don't be fooled by the back and forth, the political world has ebbs and flows. You can't just push your interests indefinitely and not give a single inch, unless you want conflict.

Basically China negotiated a relationship with NK where it saved NK's behind and it promises to denuclearise. That "zeal" is not important. If it develops smoothly then China will get what it bargained for in Korea.

North Korea giving up nukes in return helping ZTE be worth it in my opinion.
 
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North Korea giving up nukes in return helping ZTE be worth it in my opinion.
Then its a win-win. China wanted to denuclearise NK in the first place but wanted to find the right moment when it could seize a win with low political cost. A nuclear armed North Korea in the long run is seen as destabilising and preventing better cooperation between nations. The nuclear testing along China's borders caused a big stir in NE China, many weren't happy about it.

I think NK is expecting China to be its security provider. We can see a reversal in North Korea's attitude towards China in recent weeks. It's always been an assumption in NK that China would provide security in case of attack no matter how deteriorated the relationship is between China and North Korea. They played this to the fullest.
 
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Then its a win-win. China wanted to denuclearise NK in the first place but wanted to find the right moment when it could seize a win with low political cost. A nuclear armed North Korea in the long run is seen as destabilising and preventing better cooperation between nations. The nuclear testing along China's borders caused a big stir in NE China, many weren't happy about it.

I think NK is expecting China to be its security provider. We can see a reversal in North Korea's attitude towards China in recent weeks. It's always been an assumption in NK that China would provide security in case of attack no matter how deteriorated the relationship is between China and North Korea. They played this to the fullest.

Not to mention the CIA Director himself went to NK to make promises not to remove Kim from power.
 
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