China will phase out foreign technology from government and public institutions by 2023 - Business Insider

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The Chinese government's move to shut out foreign tech firms is unlikely to significantly impact any one international tech company — unless it implements this strategy in the private sector:

to spend 1.7 trillion yuan on technology, and are projected to spend 1.8 trillion yuan in 2020.

These centers can provide a secure venue for regulators and corporate partners to look at their source code and technology. This strategy has already been by Chinese tech company ZTE, which is facing tighter regulations due to cybersecurity fears in Europe and the US.

 

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