China’s ZTE estimates at least $3.1 billion loss from U.S. sanctions: Bloomberg

May 23, 2018 admin Business News Comments Off on China’s ZTE estimates at least $3.1 billion loss from U.S. sanctions: Bloomberg

BEIJING (Reuters) – China’s ZTE Corp is estimating losses of at least 20 billion yuan ($3.1 billion) due to Washington’s ban on U.S. firms supplying the telecommunications firm, Bloomberg reported on Wednesday, citing unnamed sources.

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Source:: Reuters – Business News