Time to end reliance on developed countries for high-tech products

THE UNITED STATES COMMERCE DEPARTMENT has banned US companies selling parts, commodities, software and technology to ZTE up until March 13, 2025. Qianjiang Evening News commented on Wednesday:

This is actually the latest development in the US government crackdown on ZTE, as the investigation has lasted for years. Once the embargo is put in place, it will cause serious loss for not only ZTE, but also other enterprises down its industrial chain. It will also set back the progress of the 5G net.

ZTE, which has cooperation with hundreds of US companies, has created tens of thousands jobs for the US. Imposing sanctions against ZTE will inflict heavy losses upon the US enterprises as well. No wonder, the stock prices of these US enterprises fell immediately after the US Commerce Department announced its decision.