This article only represents the author's own views.
Crippling U.S. sanctions on ZTE Corp. (0763.HK; 000063.SZ) in 2018 brought the Chinese telecoms giant to the brink of collapse, forcing it to pay a historic $1.4 billion penalty and overhaul its leadership to secure relief. Since then, the company has embarked on a grueling recovery path, pivoting to lower its reliance on U.S. suppliers, s