CNBC reports that ZTE Corp., one of China's biggest tech companies, said Sunday that it is taking steps to comply with a U.S. technology ban and that it is seeking a solution to the issue it says threatens its survival. The ban on state-owned ZTE was imposed last Monday in a case involving exports of telecoms equipment to Iran and North Korea. U.S. companies are barred from selling technology to ZTE for seven years. The penalty comes as tensions mount between Beijing and President Donald Trump over technology policy, though the case dates to before Trump took office in January 2017...The company said Sunday in a statement on the Hong Kong Stock Exchange that since 2016, it has "learnt from its past experiences on export control compliance" and "attaches significant importance" to the work. It described steps taken that include the setting up of a committee on compliance led directly by the chief executive officer and a team of experts as well as training for employees. "The Company has taken and is taking steps to comply with the denial order," the statement said, referring to the ban issued by the Commerce Department. "The Company is making active communications with relevant parties and seeking a solution."

The Financial Times reports that China's commerce ministry has welcomed the possibility of a visit by US Treasury secretary Steven Mnuchin for trade talks, in a sign that the two economies are entering a negotiation phase after threats of tariffs from both sides. Mr Mnuchin said on the sidelines of International Monetary Fund meetings in Washington on Saturday that "a trip is under consideration", adding that he is "cautiously optimistic" about the chance of an agreement with Beijing, according to Reuters. A Chinese commerce ministry spokesman on Sunday said China had "received information" about talks with the US over trade and economic issues and that China "expressed welcome".  Mr Mnuchin also said he met with Chinese central bank governor Yi Gang at the IMF meeting and that the US "appreciated" market opening measures for China's securities and insurance sectors that Mr Yi outlined this month. The Treasury secretary said China had been "very helpful" by supporting sanctions on North Korea. The positive comments come a day after North Korea announced it would halt missile tests and close down a nuclear site, winning praise from China and the US.