Chinese 5G Equipment Makers Outperform Rivals Ericsson and Nokia
Despite facing campaigns and sanctions against Chinese-made 5G telecom equipment, Chinese telecom giant ZTE has seen a significant rise in its share price over the past year. In contrast, Ericsson and Nokia, its rivals from Europe, have experienced a drop in share prices. ZTE’s success can be attributed to China’s commitment to building 5G base stations and its focus on industrial applications. ZTE is the second-largest telecom equipment maker in China, right after Huawei.