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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

 

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

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Asian stocks pulled higher by Wall Street jobs rally but China caution prevailsAsian stocks edged up on Monday, catching some of Wall Street's momentum af... How stupid can conservatives around the world be? The US jobs number of 266K for November included 42K of auto workers returning to work and seasonal increases. The US economy reflects the monetary & fiscal policy actions and global recovery following the financial crisis. The main reason for the upward revision was that non-residential investment jumped by 1.8% on-quarter instead of the preliminary estimate of 0.9%,
Source: Reuters - 🏆 2. / 97 Read more »

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 »