China has dropped some of the world's leading technology brands from its approved state purchase list
China has dropped some of the world's leading technology brands from its approved state purchase lists, while approving thousands more locally made products, in what some say is a response to revelations of widespread Western cybersurveillance.
Others put the shift down to a protectionist impulse to shield China's domestic technology industry from competition.
Chief casualty is U.S. network equipment maker Cisco Systems Inc (CSCO.O), which in 2012 counted 60 products on the Central Government Procurement Center's (CGPC) list, but by late 2014 had none, a Reuters analysis of official data shows. (MTI)
Related news
China’s economic recovery – investors are missing the point
The sentiment surrounding commodity markets took a decisive turn in…
Read more >Fine Dining: Gastronomic Stories of Ancient China exhibition opened at the Museum of Ethnography
Fine Dining: An exhibition entitled Fine Dining: The Gastronomic Stories…
Read more >The company founded by the Hungarian 77 Elektronika Group started production in China
The 100% domestically owned 77 Elektronika Group, which develops and…
Read more >Related news
Extraordinary consumer protection inspections are being launched at food courier companies
The Ministry of National Economy, which is responsible for consumer…
Read more >Omnichannel Scale 2024: How can Hungarian retailers remain competitive?
The Omnichannel Scale 2024 study gives a comprehensive overview of…
Read more >Hungarian AI software rewrites the international business world in hospitality
AI-powered Everguest Intelligence offers a complete solution for the everyday…
Read more >