back to article ZTE gets $5bn Chinese government cash injection

Struggling telecoms kit maker ZTE received a timely boost on Tuesday when the Chinese government effectively stepped in to increase its financing of the firm by $US5bn, although the future of China’s tech giants abroad is looking less certain after an SEC clampdown on accounting practices. Shenzhen-based ZTE announced that the …

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  1. Anonymous Coward
    Anonymous Coward

    Hmm

    Seems no different to the "TAX break" Vodafone gets in this country.

    1. LarsG
      Meh

      Re: Hmm

      There's now no question over who 'owns' ZTE.

      1. Ilgaz

        Re: Hmm

        Chinese politician camp, Huawei is owned by military camp.

        The question here is, are they spies or they are being punished because they are capable of making decent Android for $100?

  2. Anonymous Coward
    Anonymous Coward

    It will be interesting how EU reacts to this

    Let's wait until Brussels wakes up shall we?

  3. mark l 2 Silver badge

    House of Representatives Intelligence Committee.

    Like there was anyone with any intelligence in the commitee. lol

    1. mhenriday
      Boffin

      But mark, they «strive» for intelligence,

      just as the so-called «Science Committee» (The US House Committee on Science, Space, and Technology) strives for science. To demonstrate this latter quest, the committee will be chaired after January by that famous (Christian) Scientist, Lamar Seeligson Smith. The Reg's own Lewis Page will no doubt approve - Mr Smith is a «climate change skeptic» and will no doubt so remain until Texas' 21st congressional district, known both for being represented by Mr Smith and as a gerrymandering hotspot (not, I presume, caused by increasing amounts of CO2 in the atmosphere), either burns up, or is inundated by seas sweeping in over Texas....

      Henri

  4. amanfromMars 1 Silver badge

    As if a whale cares about what a minnow thinks

    ZTE gets $5bn Chinese government cash injection ... State handout won't play well abroad as SEC clamps down on Chinese firms

    What is one to make of the UK's £375bn cash injection into its banking systems, which some would say are crooked and permanently collapsing and a great Ponzi which does not have, in the heads of those and/or that which administer to it, the intelligence to eliminate debt and deficit with creative credit which delivers bounty and surplus for global distribution/equitable sharing?

    And how well do El Regers feel that UK government intervention has helped everyone ....... or did it just make a few in the know, incredibly paper rich and worsen a dire situation?

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