ZTE and Huawei growth beats Nokia and Ericsson Gizchina.com

Despite the sanctions, Chinese manufacturers of network equipment are experiencing significant growth. ZTE and Huawei's growth in sales resulted in very good financial reports released these days. ZTE, the second-largest manufacturer of network infrastructure, has seen its share price hike of 61 percent over the past year. It had a 28.5% operating profit hike and a 4.3% increase in sales in Q1 2023. On the other hand, the European competitors, i.e. Ericsson and Nokia, saw a decline. The value of their shares fell 30% and 22%, respectively in the last year. On July 20, Nokia reported a 3% drop in…