Chinese Government Directive 'Document 79'
The Wall Street Journal revealed a secret Chinese government directive titled 'Document 79' that aims to remove American tech giants from the Chinese market by 2027. The directive requires Chinese state-owned enterprises to phase out foreign software, impacting companies like Dell, IBM, and Cisco. This move is part of China's push for self-sufficiency and national security concerns.
Key Points
- Document 79 aims to 'delete America' from the Chinese tech industry by phasing out foreign software
- Chinese state-owned enterprises must shift to domestic IT products by 2027
- American tech companies like Dell, IBM, and Cisco are affected by the directive
Pros
- Promotes self-sufficiency in Chinese tech industry
- Addresses national security concerns
Cons
- Negatively impacts American tech giants
- Causes dissatisfaction among Chinese executives due to inferior domestic IT products