US sanctions

US sanctions

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An aerial view of an unknown cargo ship off the coast of Guangdong, China. The two Chinese shipping firms have had their US assets' frozen, alongside other punitive measures

Chinese firms face sanctions for doing business with North Korea

The US has imposed sanctions on two Chinese shipping firms for supplying goods to North Korea. These punitive measures are the first that have been imposed since talks between the US and North Korea broke down last month
Markets
ZTE is a multinational systems and telecommunications equipment company. The sanctions are expected to baldy afflict its business, as the tech giant relies on US parts to build its smart phones

China’s ZTE Corp placed under extended probation after breaching Iran sanctions

A US judge found that ZTE Corp had breached US export control laws. The telecoms equipment manufacturer was already under probation for previous non-compliance with US sanctions

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