China reportedly orders state offices to remove foreign tech which could hit US firms like Microsoft [MSNBC.com]
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Source: MSNBC.com
A visitor tries out Microsoft Corp.'s Windows 10 operating system on a tablet. Kiyoshi Ota | Bloomberg | Getty Images China's Financial Times Dell HP The policy has been dubbed "3-5-2" because the replacement of the technology will happen at a pace of 30% in 2020, 50% in 2021, and 20% in 2022, the newspaper said, citing a note from brokerage firm China Securities. Analysts there estimate that 20 million to 30 million pieces of foreign equipment need to be replaced in China. China Securities said that the order had come from the Chinese Communist party's Central Office earlier this year, the FT said. While the directive is not public, two cybersecurity firms told the FT that their government clients described the policy to them. China Securities did not respond to a request for comment when contacted by CNBC. Meanwhile, China's Ministry of Industry and Information was not immediately available for comment when contacted by CNBC by fax. Microsoft, HP and Dell did not immediately respon
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