An item from Bloomberg which says “China is aiming to purge most foreign technology from banks, the military, state-owned enterprises and key government agencies by 2020, stepping up efforts to shift to Chinese suppliers, according to people familiar with the effort”
- The plan for changes in four segments of the economy is driven by national security concerns
- Foreign suppliers may be able to avoid replacement if they share their core technology or give China’s security inspectors access to their products, the people said.
