Posted on 12/08/2019 3:51:06 PM PST by Mariner
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.
Key quotes
Chinas 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.
FX implications
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 to 1.84%.
(Excerpt) Read more at forexcrunch.com ...
The US would do well to do the same.
If the Chinese do this, I fully expect Lenovo to be completely frozen out of Federal, state and local government contracts. Given that the Americas comprise 1/3 of its $50b in total revenues, I’d expect the company to scream like a little girl.
‘The US would do well to do the same.’
Buy American sounds like a good idea.
Now if wee could only source critical military parts domestically too . . .
Well, we wouldn’t expect Nazi Germany and Britain to share computer technology in 1938.
That would be just dumb.
That’s foreign to me and 99.99% of the folks on this site.
“A significant event.”
Lol.
Get back to us in three years.
LOL!
Presently China businesses run on pirate Windows.
Good thing to do. Pirate copies are not safe.
Does the prohibition include American smartphones, e.g. iPhone, even though they are manufactured overseas?
HAHAHA, you funny!
.
I have no doubt that Chinese government already is nearly 100% domestic PCs. I can’t imagine when they ever would have bought foreign PCs, except many years ago
bttt
All that pirate Windows 10?
Where are the Chinese going to get the software? Steal it from themselves?
Seems they've stepped up the view we're a threat to them..
Maybe it is now clear to them that there will be no big trade deal, in time to stop next Sunday’s (15 Dec) huge new package of tariffs on their computer/consumer electronics exports.
1. This could be their attempt at retaliation in kind for that next round of tariffs.
2. This could be an attempt to prop up their industries that will be hit by those tariffs, by protecting the Chinese domestic market for them.
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