 China has ordered all employees of government bodies and state organizations to ditch foreign-branded PCs for domestic equivalents. (Bloomberg)Â
Just at central govt level alone this is likely to cull 50mn foreign PCs, with sales of HP and Dell - China's two biggest non-domestic computer brands - likely to take a serious hit.Â
Stocks in Chinese tech companies unsurprisingly leapt up; Lenovo and Kingsoft erased losses to post 5% and 3.3% gains respectively on Hong Kong markets, while mainland exchanges saw rises of between 4-10% for other Chinese computer-related brands.Â
