(Bloomberg) — The Chinese government has ordered state offices and public institutions to remove foreign computer equipment and software within three years, the Financial Times reported.The move is part of a broader effort to decrease China’s reliance on foreign technologies and boost its domestic industry. The goal is to substitute 30% of the technology next year, 50% in 2021 and 20% in 2022, the newspaper reported, citing estimates from analysts at the brokerage China Securities.The government under President Xi Jinping has been trying for years to replace technologies from abroad, and particularly from the U.S. Bloomberg News reported five years …read more
Source:: Yahoo Finance
