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ZTE Gets Temporary Reprieve

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ZTE Gets Temporary Reprieve REALTY WOES Property curbs to dampen earnings prospects p14 HOT DISH HELPING HAND Tech fund set up to help boost sector p16 ON MENU World Cup fans flames of crawfish craze BUSINESS p15 CHINA DAILY HONG KONG EDITION Thursday, July 5, 2018 Tariffs Tech will not ZTE gets take fizz out of temporary fireworks reprieve By HONG XIAO in New York [email protected] US Commerce Department grants firm Tariffs are not going to put a damper on one grand old US breathing space from July 2 to Aug 1 tradition. On the Fourth of July, By MA SI mercialization of fifth-genera- whether you gaze up at the [email protected] tion mobile communication pyrotechnics over the East technology has already kicked River in New York, watch the ZTE Corp has been allowed off,” Xiang said. nationwide spectacles on TV to temporarily resume business Edison Lee, a telecom analyst or stage your own celebration A boy plays with sparklers as he waits for the Fourth of July fireworks display at Ault Park in Cincinnati, the United States. AP activities as the Chinese smart- at investment bank Jefferies, in the backyard, one thing is phone and telecom company said in a research note that the for sure — thanks for the thrill works hard to secure the lifting temporary reprieve was “a very of fireworks go to China. works and firecrackers in ing new duties. importing from countries man said. “As the regulations of a seven-year US supplier ban. positive indication that ZTE is Fireworks were originally May, just in time for this “Thankfully, the fireworks such as Italy, Mexico and [in the US] got tighter and The US Commerce Depart- on track to a full lifting of the invented in China in the ninth year’s Independence Day, industry has not been impact- China. people really weren’t interest- ment said in an order on Tues- export ban”. century to scare away evil Bloomberg Businessweek ed by the tariffs,” Heckman Currently, China is the larg- ed in making things by hand, day that ZTE would be allowed To meet the US govern- spirits for the New Year. reported. said. “We are watching it very, est manufacturer and export- it made sense to rely more on to continue operating existing ment’s requirements, ZTE has Today, “99 percent of back- People in the United States very closely.” er of fireworks in the world. China to handle that produc- networks and equipment, and already overhauled its man- yard consumer fireworks spend more than $1 billion on Fireworks dealers warn China’s “fireworks capital”, tion.” provide handset customer agement personnel, with 14 of come directly from China”, fireworks each year and the that dousing Chinese fire- Liuyang, a city in Hunan Despite the large amount of support for contracts signed its board members, including Julie Heckman, executive number has been steadily cracker imports with a levy province, is home to around imports, the US fireworks before April 15. chairman Yin Yimin, resign- director of the American increasing for years, accord- would turn the crackling busi- 1,000 companies producing industry is still booming. The permission is effective ing with immediate effect. Li Pyrotechnics Association, ing to the APA. ness into a fizzling dud. all manner of pyrotechnics. Without having to actually from July 2 to Aug 1. Zixue was appointed as the told National Public Radio. Last year, the US imported Fireworks manufacturers An estimated 90 percent manufacture the explosives, On Wednesday, ZTE shares new chairman. “And about 70 percent of the 40 times more fireworks than have existed in the US for of the world’s pyrotechnics companies can focus more on in Shenzhen surged more than Shen Meng, director of bou- professional display fire- it exported, but so far, this def- over a century, but when are designed and produced putting on shows. 8 percent at midday before the tique investment bank Chan- works are manufactured in icit hasn’t caught the atten- demand began to outstrip in China, and mostly in The APA estimates that rise narrowed to 2.6 percent, son & Co, said the seemingly China.” tion of US President Donald supply in the US around the Liuyang. 14,000 fireworks displays reaching 13.8 yuan ($2.1) at the mixed stock response in Hong China exported a record Trump — fireworks are not on American Bicentennial in “Manufacturing fireworks light up the night skies of the close of trading. Its Hong Kong Kong and Shenzhen, in fact, 53,700 metric tons of fire- the list of Chinese goods fac- 1976, companies began is very labor-intensive,” Heck- US on Independence Day. shares rose by 5 percent before showed an optimistic attitude going down by 3.4 percent at toward ZTE. the close of trading. “Its shares in Hong Kong Auto The Shenzhen-based compa- already surged on Tuesday. ny ceased most of its operations Despite the slight downturn in April, after the US govern- on Wednesday, it still shows ment imposed a seven-year-ban that investors were encour- on its purchase of crucial US aged by the temporary lifting Beijing gives boost technologies, including chips, of the ban,” Shen said. allegedly for violating sanctions The ZTE incident came as to export goods to Iran. Chinese tech companies to driverless cars The US order came after encounter a string of obstacles ZTE inked a new settlement in the US. Huawei Technologies By JING SHUIYU and emergency disposal. with the US government, Co Ltd, another Chinese tele- [email protected] Baidu obtained T3 plates in under which it agreed to pay a com giant, said a proposed US March. $1 billion fine, overhaul its ban on selling its gear to some Beijing has earmarked 33 Earlier this week, Pony.ai, a executive team and hire US US mobile providers is not law- road sections with a total self-driving startup, became compliance officers. ful, challenging assertions that length of 105 kilometers for the second company to be Xiang Ligang, founder of it poses a risk to US national testing autonomous cars — granted a T3 license plate. telecom industry website security, according to a state- the longest among all Chi- Peng Jun, CEO of Pony.ai, cctime.com, said the authori- ment published on Tuesday. nese cities, as companies are said obtaining this type of zation allows ZTE to restart The company’s presence “has competing to mass produce license plate shows that the some activities, signaling that been artificially restricted by the technology. company gained greater a permanent lifting of the ban unfounded allegations and sus- According to Beijing Inno- technical recognition, and is on the way. picions based solely on misper- vation Center for Mobility the next challenge is small- “It will give ZTE room to ceptions” about its relationship Intelligent, a service provider scale mass production, resume its business as soon as with the Chinese government, of road tests for autonomous which requires the stability Apolong buses coming off the production line in Xiamen, Fujian province. possible. That is of crucial Huawei said in a filing with the vehicles, self-driving vehicles and reliability of the system. CHEN BINGQING / FOR CHINA DAILY importance, given that the US Federal Communications have traveled safely for To ensure the rapid devel- final sprint toward the com- Commission. 26,000 kilometers in test are- opment of autonomous vehi- as in the capital city. cles, the Chinese authorities Zheng Fangdan, a senior have been expediting rele- Baidu buses stepping up a gear consultant at Chinese vant guidelines and regula- Court slaps sales ban research firm CCID Consult- tions. In December, local By FAN FEIFEI er stations as well as elderly released the country’s first ing Co, said improved sys- authorities in Beijing [email protected] people at communities in guideline on road tests of tems for road testing would released the nation’s first Japan, it said. autonomous vehicles last facilitate the development of guideline on road tests for Chinese internet search “This year marks the first December, and unveiled a on Micron products self-driving cars in autonomous giant Baidu Inc announced year of commercialization for closed testing ground for the nation. motor vehi- on Wednesday it has begun autonomous driving. From autonomous cars in February. By MA SI official website. “It will give com- cles. volume production of Apo- the volume production of Zeng Zhiling, managing This is the latest develop- panies betting on 105 km The guide- long, China’s first fully auton- Apolong, we can truly see director of LMC Automotive US chipmaker Micron Tech- ment in UMC’s lawsuit against autonomous tech- line makes it omous mini bus, in that autonomous driving is Consulting Co, is bullish on nology Inc is caught in legal Micron. In January, UMC nologies wider length of roads clear that partnership with Chinese bus making great strides,” Li said. the application of self-driving trouble in China, after a court alleged that Micron had access to a vast earmarked for independent manufacturer King Long, Apolong, which is outfitted technologies in public trans- issued a preliminary injunc- infringed on its patents in Chi- amount of high- testing autonomous entities regis- and intends to ship such bus- with Baidu’s Apollo autono- portation as the operating tion, temporarily stopping it na related to memory storage quality data,” cars in Beijing tered in China es to Japan early next year. mous driving system, can routes of buses are relatively from selling parts of its prod- and other products. It asked the Zheng said. “That is can apply to Apolong, which can seat complete self-driving opera- fixed and less personal priva- ucts amid patent disputes.
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