Ideally, chasing a race leader should make one focus on running harder. The same applies to ZTE, China’s number two wireless telecom network company behind world-beater Huawei. A maturing mobile market at home plus withering competition in smartphone handsets have caused enough problems. A tiff with the US over sales of equipment to Iran in March last year appears to have made matters worse. However, the shares, down almost a fifth in a year, already price in a lot of woe.
在田徑比賽中，追著領頭羊跑按說應該會促使人更賣力地奔跑。這個道理同樣適用于中興(ZTE)。中興是中國排名第二的無線電信網絡設備公司，僅次于居于世界領先地位的華為(Huawei)。國內移動市場趨于成熟加上智能手機業務競爭激烈，已然制造了足夠大的麻煩。而去年3月中興與美國當局圍繞其向伊朗出售設備一事發生爭執，似乎令問題變得更加嚴重。然而，許多問題已經反映在股價中——中興股價在一年的時間里下跌近20%。
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