Beijing, Apr 17 (AP) China’s government says it is ready to protect its “legitimate rights” after US authorities penalized a Chinese telecoms equipment maker over a case involving exports to Iran and North Korea.

The Commerce Ministry said today it hoped Washington would treat ZTE Corp. fairly after US authorities concluded it paid bonuses to employees involved in a scheme to ship equipment to North Korea and Iran instead of disciplining them as it promised in 2017.

The US Commerce Department yesterday barred ZTE, one of China’s most prominent technology companies, for seven years from importing American components.

The Commerce Ministry said Beijing will “stand ready to take necessary measures to safeguard the legitimate rights and interests of Chinese companies.” (AP) CK 04170733

This is published unedited from the PTI feed.