Trump: Chinese President Xi Jinping and I are working together to provide ZTE with a rapid recovery industry
President Trump suddenly tweeted on the night of 13th Beijing time : Chinese President Xi Jinping and I are working together to provide ZTE with a way to quickly resume business. China (referring to ZTE) has lost a lot of jobs. I have told the Ministry of Commerce to complete this work.
As is known to all, the US Department of Commerce announced last month that it would ban US companies from selling products to ZTE within seven years, which led to the near-term ambiguity of ZTE's business, which caused a stir in China and the United States and around the world. The United States claimed that ZTE "provided false information" in penalizing violations of the lawsuit to sell equipment to Iran, and therefore made the above-mentioned extortion.
The reason for the US punishment of ZTE has been widely questioned. There is a large amount of international public opinion. This is an analysis of a card played by the United States to cooperate with the trade war against China.
Regardless of the reason why the US was doing the sanctions at the time, President Trump’s latest announcement was a welcome decision. ZTE's products use a large number of American-made components, including chips, and it is difficult to find alternatives quickly. If Trump’s latest statement is quickly implemented, ZTE, which has 80,000 employees, will avoid shock.
It is worth pointing out that restoring the supply to ZTE will benefit ZTE and its US suppliers, and will also help maintain the US business reputation. 
ZTE and the US lawsuit have been in existence for a long time. It is dominated by the US Department of Justice and the Ministry of Commerce. ZTE affirms its defense but the US government. However, in the end, just because ZTE has deducted the bonus of its dozens of employees according to the agreement between the two parties, it has a "death order", which in any case does not make sense.
Not to mention ZTE as a big buyer of upstream semiconductor products in the United States, its sanction means the loss of related companies in the United States, and Washington will seriously shake the security of foreign business partners of American companies. Because of a little dispute, you may be dying, and there is no chance for reasoning. This is the signal that the sanctions are passed on to the outside world.
If Washington did the same thing in order to fight against China, some foreign companies would feel worse. Because working with US companies means they can be a scapegoat for conflicts between countries at any time.
Once the punishment for ZTE is actually implemented, it will be a heavy blow to the globalization of industrial layout. Almost no major company's products now use this domestically produced spare parts. Global procurement is very common, and all major US companies benefit from it.
China's chip industry has not developed in recent years. One of the important reasons is that we rely on the stability of US supply. The US "lost ZTE" has shaken Chinese society strongly. We must develop our own powerful semiconductor industry and become an unprecedented enlightenment among Chinese people. It is safe to say that this kind of enlightenment will be transformed into an unprecedented driving force for the Chinese semiconductor industry.
President Trump’s new decision should be timely. Before the Chinese people generally regarded the experience of ZTE as the "fashion" and "smuggling" of the United States, most of the world public opinion understood this. The latest turnaround sets at least another perspective for people to analyze US intentions.
We hope that no matter whether the trade dispute between China and the United States or the conflict involving a specific company, it will be resolved in a fair and just manner, and no extreme action will be taken. As the largest upstream economy and the most upstream of the global economic chain, the United States should contribute certainty to the world.
Economic and trade partners can't worry about doing business and cooperation with the United States. The United States should let those partners feel at ease and feel at ease. We expect that the decision made by President Trump's above tweet can be implemented unconditionally and quickly. It is not another bargaining chip that the US has thrown under current conditions. The ZTE incident involves credibility, not something else.
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