U.S. Secretary of Commerce Ross announced on the 7th that it had reached a new settlement agreement with China’s ZTE Corporation.
The US Department of Commerce issued a statement on the same day that Ross announced on the same day that ZTE and its affiliates have agreed to pay fines and take compliance measures to replace the US Commerce Department’s previous ban on the company’s purchase of spare parts from US suppliers.
The statement pointed out that according to the new settlement agreement, ZTE Corporation pays a fine of US$1 billion, and prepares another US$400 million for safekeeping by a third party. Then the US Department of Commerce will remove ZTE Corporation from the ban list.
As one of the world’s leading integrated communication solution providers, ZTE has maintained a good cooperative relationship with many U.S. suppliers and provided support for nearly 130,000 high-tech jobs in the United States. Experts pointed out that ZTE and many U.S. companies With close cooperation, the U.S. government’s export control measures for ZTE will cause Qualcomm, Intel and other ZTE suppliers in the United States to suffer losses as well.
Sharp comment from the international community: ZTE and the United States have finally signed an agreement! It's hard to come by, it's worth the parties to think and cherish
After experiencing the negotiation game of nearly two months, the ZTE event finally had the latest results. This result was hard to come by and was worthy of deep thought and cherish by all parties. Among them, the party ZTE Corporation finally escaped the disaster and recovered its vitality. Of course, judging from the content of the agreements signed with the United States, huge fines, adjustments by the board of directors and management, and accepting the US's supervision at any time... The price paid by ZTE can be quite heavy and painful. However, objectively speaking, this is a multinational enterprise because What must be bought in violation of the spirit of the contract, because of the consequences that must be borne against the laws and regulations, is worthy of caution for Chinese companies and even all multinationals.
Looking back, from April, the United States announced that it will implement a seven-year export ban on ZTE, and in May China and the United States will negotiate with Washington, and then China and the United States will negotiate in June. The ZTE incident will fluctuate. The negotiation of the game is even more complicated and frightening. It is not easy for the two parties to reach a settlement agreement. The many messages passed by this incident are thought-provoking and inspiring:
First of all, the ZTE incident was just a case of corporate violations. However, due to the consideration of people-oriented considerations, the Chinese government invested heavily in resources and negotiated with the US side, and finally switched back to a living path of ZTE.
ZTE's mistakes originated in 2010. Because they were driven by commercial interests, they did not hesitate to undermine the basic rules of cooperation with the United States, violated US laws and regulations, and were punished by commercial trading rules and laws and regulations. This point, on April 16th the US On the day when ZTE issued the ban, the Chinese Ministry of Commerce had a statement: 'The Chinese side has always required Chinese companies to abide by the laws and policies of the host country in the process of overseas operations, and conduct operations legally and compliantly.'
However, ZTE Corporation, as the largest listed telecommunication equipment company in China, has a life and death of 80,000 employees and a livelihood of 20,000 families. It also relates to the thousands of upstream and downstream enterprises in the industry chain, and the prospects and fates of hundreds of thousands of employees. It can be said that Significant. The starting point and end result of the Chinese government's work is for the people. The mistakes of a company's decision cannot involve the vast number of innocent employees and families. It is precisely because of this that the Chinese government has invested a lot of resources, from Beijing to Washington to Beijing. After many rounds of negotiations with the U.S. side, ZTE finally rescued it. This also shows that: A confident and powerful government is the most solid backing for the people.
Secondly, information technology is the most open industry in the world, and the industrial chain is announced globally. ZTE has worked closely with many US companies to save ZTE, and in fact, it has also safeguarded the interests of U.S. companies. This is the Trump administration’s decision to pass ZTE’s decision. Important considerations.
At present, countries around the world are developing information technology. Although the United States leads the world in some areas, it cannot be completed independently. According to statistics, there are nearly 130,000 high-tech jobs in the United States related to cooperation between ZTE and US companies. The U.S. government’s export control measures for ZTE took effect. ZTE’s suppliers in the US, such as Qualcomm and Intel, will inevitably suffer losses. In fact, following the resumption of ZTE’s operations, major suppliers in the U.S. are all happy and the stocks have risen to varying degrees on the 6th. This is the market data statement: Relax ZTE, is conducive to cooperation between Chinese and US companies, but also conducive to the improvement of the global information technology industry chain and the development of technology, is a choice that meets the interests of all parties.
Third, international companies must have international scope. Don't be 'giant babies' and don't use commercial interests to enshrine the government.
As mentioned above, the Chinese government has turned its back on the ground for public considerations and has helped ZTE rescue it from its own life and death. However, this does not mean that: Chinese companies will come to the government in the future. The international market does business and pays attention to the spirit of contract. And the rule of law, not the government's administrative involvement. Chinese companies have gone abroad more and more in recent years, but away from home, the key is to rely on their own understanding of the international rules of law to understand and give themselves a solid umbrella. International companies must have international standards. When they go out, they cannot be 'giant babies'. The motherland must be stronger, and its own business must be done by itself.
Fourth, the ZTE Incident does not represent the overall appearance of Chinese companies, but it is a mirror for Chinese companies. Chinese companies must further awaken to the necessity and urgency of innovation. They must firmly hold the core technology in their hands as soon as possible.
In the 40 years of reform and opening up, China has embarked on a path of independent innovation with its own characteristics. At the academician meeting of the two academicians on May 28th, Chairman Xi Jinping affirmed the importance of this road, and pointed out that 'the situation is pressing and the challenges are pressing. , Mission Imperative', pointed out that China's 'key key technology is not subject to fundamental changes in the situation', must vigorously develop science and technology, and strive to become the world's major scientific centers and innovative highlands. The occurrence of ZTE events, I believe that each Chinese company and Every Chinese has a deeper understanding of this.
'Self-strengthening for the world' is a self-reliant, self-reliant, self-reliant, and at the same time actively using the Chinese innovation path of international innovation resources, the Chinese must unswervingly continue to go, concentrate on doing big things, and break through the core technology as soon as possible. From the above, if the ZTE incident is in danger, this point may be the biggest revelation and the biggest turning point for China!