As per the government directive, Chinese buyers must replace all existing foreign computer equipment within the next three years, a first such public instruction in the country. Defining "domestically made" is also challenging. The goal is to substitute 30 per cent of the technology next year, 50 per cent in 2021 and 20 per cent in 2022, the newspaper reported, citing estimates from analysts at the brokerage China Securities.
The Dow opened 272.28 points higher on Friday after financial markets shrugged off the latest concerns around US-China trade relations during the previous session, as well as ongoing impeachment proceedings against the President. China started off the week saying it wants tariffs to be canceled as part of a "phase one" trade deal. That's good news for markets: If inflation were to spike, it would push the Federal Reserve to get more aggressive in raising interest rates.
The move is likely a response to the crackdown campaign the U.S. initiated against Chinese tech companies this year, specifically against Huawei . The US recently proposed that technology sales into the US from "foreign adversaries" would be vetted for national security reasons, and has been pressuring European allies to freeze Huawei out of 5G infrastructure projects.
Ford truck models with mechanical latches are not affected by the recall. Ford said that in select 2017-19 vehicles with an electric tailgate latch-release switch mounted in the tailgate handle, water entering the electrical wiring system may cause a short circuit, resulting in unintended switch activation and release of the tailgate latches.
In a partnership with artificial fire log company Enviro-Log, Kentucky Fried Chicken is offering what's sure to be the hottest commodity of the season - a hunk of flammable, chicken-scented bliss otherwise known as the 11 Herbs & Spices Firelog.
U.S. China trade talks appear to be at a standstill. The Trump administration is already taxing more than $360 billion worth of Chinese imports. -China trade deal before next year's elections - and then shrugged off the tailspin that his remarks caused in the stock market.