(Corrects title in 17th paragraph of this Might 17 story to say “Chief Monetary Officer” Meng Wanzhou, not “Chief Government Officer”.)

FILE PHOTO: A lady appears to be like at her telephone as she walks previous a Huawei store in Beijing, China Might 16, 2019. REUTERS/Thomas Peter/File Picture

By Karen Freifeld

(Reuters) – The U.S. Commerce Division mentioned on Friday it could quickly reduce restrictions on Huawei Applied sciences after this week’s blacklisting would have made it practically not possible for the Chinese language firm to service its present prospects.

The Commerce Division, which had successfully halted Huawei’s capacity to purchase American-made components and…

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