Beijing Orders Govt Agencies & State Orgs To Dump Foreign PCs

China has ordered all employees of government bodies and state organizations to ditch foreign-branded PCs for domestic equivalents. (Bloomberg) 

Just at central govt level alone this is likely to cull 50mn foreign PCs, with sales of HP and Dell - China's two biggest non-domestic computer brands - likely to take a serious hit. 

Stocks in Chinese tech companies unsurprisingly leapt up; Lenovo and Kingsoft erased losses to post 5% and 3.3% gains respectively on Hong Kong markets, while mainland exchanges saw rises of between 4-10% for other Chinese computer-related brands.

https://www.regencyreporters.com.ng/2022/05/beijing-orders-govt-agencies-state-orgs.html

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