China's Xinhua Policy: A New Approach to Technology in China

China's Xinhua Policy: A New Approach to Technology in China

Mint

China's government directive expands a drive that is muscling U.S. technology out of the country. It requires state-owned companies in finance, energy and other sectors to replace foreign software in their IT systems by 2027. China’s central government plans to increase its spending on science and technology by 10% to about $51 billion this year, according to a budget report released on Tuesday.

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