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Trade war

ZTE names new executives in step towards US ban lift

CEO and vice presidents among management overhaul

The Chinese company agreed to pay a $1 billion fine, put $400 million in escrow, and hire a U.S.-appointed compliance monitor as part of the settlement.   © Reuters
| China

HONG KONG (Reuters) -- ZTE Corp has appointed a new team of top executives including a CEO to comply with a deal it made with the United States to end a ban on U.S. firms supplying parts to China's second-biggest telecommunications equipment maker.

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