China reportedly orders state offices to remove foreign tech which could hit US firms like Microsoft

  • 📰 CNBC
  • ⏱ Reading Time:
  • 59 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

China's Communist Party has ordered all state offices to remove foreign hardware and software within three years, the Financial Times reports.

The policy has been dubbed "3-5-2" because the replacement of the technology will happen at a pace of 30% in 2020, 50% in 2021, and 20% in 2022, the newspaper said, citing a note from brokerage firm China Securities. Analysts there estimate that 20 million to 30 million pieces of foreign equipment need to be replaced in China.

China Securities said that the order had come from the Chinese Communist party's Central Office earlier this year, the FT said. While the directive is not public, two cybersecurity firms told the FT that their government clients described the policy to them. China Securities did not respond to a request for comment when contacted by CNBC. Meanwhile, China's Ministry of Industry and Information Technology was not immediately available for comment when contacted by CNBC by fax. Microsoft, HP and Dell did not immediately respond to CNBC's request for comment outside of business hours.

Neil Campling, head of technology, media and telecommunications research at Mirabaud Securities, said the move by the Chinese government aims to protect against an escalation of tensions with the U.S. "That is something that China is looking at to make sure government operations are not affected by escalating tensions with the U.S.," Campling told CNBC.Beijing's move comes against the backdrop of the ongoing U.S.-China trade war in which technology has been front and center. China's technology firms have been the target of U.S. pressure.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

make sense , as US blackmailing Chinese company by witholding supply sufdenly that are critical for production suddenly after several yrs buying consitenly with US suppliers. they basically pushing Chinese co to bankruptcy with their blacklisting. China should stop relying US

Sounds like a sham..

I wish my country do the same thing USA did spy on other countries and every country should ban their equipments for a security reasons.

trade deal talks going well?

dont u worry abt it. without windows and other foreign wares soft and hard alike, china would have to retreat to the late qing dynasty.

..that's not a 'I love you'

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Strong U.S. jobs data supports dollar as market looks to U.S.-China trade dealThe dollar held firm on Monday after data showed surprise strength in the U.S. j... why are they all rolled up? I'm really tired of these endless 'deals' THE 2020 JUST WENT UP IN VALUE!!! I LOVE US CURRENCY!!! LOL
Source: Reuters - 🏆 2. / 97 Read more »

China says some held in Xinjiang camps have 'graduated', condemns U.S. billPeople held in controversial training camps in Xinjiang have 'graduated&quo... Hah! Since when does China care about international law? Chinese Communist Party is hegemonic So are having concentration camp 🤔
Source: Reuters - 🏆 2. / 97 Read more »

China says hopes it can reach trade agreement with U.S. as soon as possibleBeijing hopes that it can reach a trade agreement with the United States that sa... Yeah. Because they want to make sure they got enough money to fuck over hong knog 😂😂😂 but screw canada . . . . . I mean what did we even do to them, let alone in the same context as the states. I suppose trump is selling what’s left of the US for a well timed deal signature.
Source: Reuters - 🏆 2. / 97 Read more »

China says hopes it can reach trade agreement with US as soon as possibleChina says that it hopes to make a trade deal with US as soon as possible, amid intense discussions before fresh tariffs on Chinese imports are due to kick in at the end of the week
Source: trtworld - 🏆 101. / 63 Read more »

U.S. defense secretary can't label U.S. base attack 'terrorism' at this pointU.S. Defense Secretary Mark Esper said on Saturday that he was not prepared at t... What?!!! Because trump is in the Saudis pocket!!! Donald TRump is a complicit terrorist!!!!!!!!!! Lock him up!!!! Because it's the Saudis But Matt Gaetz sure can!
Source: Reuters - 🏆 2. / 97 Read more »