Beijing orders state offices to replace foreign PCs and software
Beijing orders state offices to replace
foreign PCs and software – FT
Having witnessed a surge in Chinese
imports data despite an on-going tussle with the United States (US), Beijing
seems to sound strong at the phase-one negotiation table. The Financial Times
(FT) recently ran a story highlighting the fact that the Chinese Administration
orders all government offices and public institutions to remove foreign
personal computer (PC) equipment and software within three years.
China’s administration has ordered
all government offices and public institutions to remove foreign computer
equipment and software within three years.
Targets Chinese buyers to switch to
domestic technology vendors.
Amid the initial trading hours
during the Asian session, markets are yet to respond to the news. However,
headlines like these signal challenge to the phase-one discussion between the
US and China ahead of the scheduled December 15 tariffs and could spoil the
risk sentiment. The latest readings of the US 10-year treasury yields recovered