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US fines China's ZTE US$1.19b for breaching sanctions

Company sold American-made items to Iran, North Korea; Huawei also under probe for sales to banned countries

ZTE and Huawei are private companies, but they have deep ties to the Chinese government, in part because they supply much of the equipment that makes the country's telecom backbone function.

Hong Kong

AS ONE of China's few truly international technology companies, ZTE is often held up by Beijing as part of a new generation of firms that is able to compete beyond Chinese borders.

On Tuesday, the US government made an example of ZTE in a different way.

As part of...

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