China's Local Tech Firms Back New Purchase Rules

Chinese companies are defending a new policy that requires vendors to gain accreditation for their products before they can be included in a government procurement catalog of products containing "indigenous innovation," reports the Wall Street Journal. However, the Journal adds, even the intended beneficiaries are not sure about how the new procurement rules would affect them.

 

According to the newspaper, Chinese executives and academics on Friday defended the government's move to promote "indigenous innovation," saying government support is needed to eliminate advantages enjoyed by bigger, more established foreign competitors. However, the supporters say they haven't received clarification from the government on the new regulation, says the Journal.

 

In an earlier report, the Journal said that more than 30 industry groups -- representing most of the world's major technology companies -- told the Chinese ministries in a letter that they were "deeply troubled" by a new regulation they say discriminates against their products.

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