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China prepares to fluff up local tech companies
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Old 1st June 2016, 06:36   #1
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Default China prepares to fluff up local tech companies

The Chinese government is preparing to invest shedloads into local technology companies as part of its cunning plan to raise IT competitiveness.

China’s President Xi Jinping’s move has US tech companies worried that it might be making steps towards protectionism and many of them, like Apple had been hoping to make a bob or two out of the huge market.

Beijing has put forward what it calls Internet Plus and Made in China 2025 strategies, which aim to make Chinese firms world technology leaders and call for progressive increases in domestic components in priority industries such as robotics and aerospace equipment.

http://www.techeye.net/business/chin...tech-companies
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