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Asia300

ZTE seeks $10bn credit line under strain of US ban

Losses mount with supply lines severed

ZTE was forced to suspend operations after the U.S. levied an export ban on the company in April.    © Reuters

SHENZHEN -- Chinese smartphone maker ZTE will ask two state-owned banks for more than $10 billion in credit to shore up a balance sheet battered by a U.S. supply ban on the company.

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