As the summer of 2011 wound down in the city of Shenzhen, high-ranking executives at the ZTE Corporation, China’s second largest telecommunications equipment company, found themselves strategizing about their American nuisance. In a series of memos marked “top secret,” they discussed various ways the company might evade American sanctions — the U.S. laws that explicitly bar companies from selling goods containing U.S.-made components to Iran, Sudan, North Korea, Syria and Cuba.
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Walmart should be in trouble in China, where its competitors are in retreat and its sourcing operations have been criticised by both Beijing and Washington. But the American retailer seems to have found a way forward in a difficult sector and remains one of the biggest benefactors of China-U.S. trade.
The Commerce Department wants to expand export controls to majority-owned subsidiaries of Chinese companies. That could trigger cascading effects — and challenges.
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