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China has stepped up spending to replace Western-made technology with domestic alternatives as Washington tightens curbs on high-tech exports to its rival, according to government tenders,...
BEIJING--China has stepped up spending to replace Western-made technology with domestic alternatives as Washington tightens curbs on high-tech exports to its rival, according to government tenders, research documents and four people familiar with the matter.
China is increasing its spending on domestic technology to replace Western-made products as the US tightens restrictions on high-tech exports. China has been focusing on replacing computer equipment, and the telecom and financial sectors are likely to be the next targets.