Canceled Contract Clouds China&#39;s IT Procurement Policies
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On 28 November 2004, Beijing&#39;s municipal government announced the cancellation of a $3.6 million contract, awarded without tender on 18 November, that would have allowed it to use Microsoft software for a period of 3 years.
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China is expected to tighten controls on its companies&#39; financial dealings abroad after the Singapore arm of China&#39;s biggest jet fuel supplier suffered massive losses trading risky energy derivatives, state media said Friday.
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China's government backpedaled slightly from its earlier policy concerning video sites, now saying that existing sites can continue to operate.
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Opinion in China remains divided on whether the government is leaping into deals without a clear investment strategy.
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Microsoft watched a software deal with China go bust less than two weeks into the contract. And Beijing is pushing its government IT officials to buy local. But China remains a vibrant market where tech firms have to stay in play. -washingtonpost.com
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Beijing has been debating a policy proposal that will force the city to spend at least half of its IT budget on offerings from local companies.
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Some of the world's biggest computer firms are accused of imposing unfair contracts on people buying software.
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There's a lot of uncertainty surrounding the Chinese cell-phone powerhouse.
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The State Technology Office plans to cancel two multimillion-dollar contracts, now that several investigations have discovered two companies were given unfair advantages.
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Here's one China-themed stock that's not doing so well.
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Economic uncertainty prompts companies to delay contracts, but may soon benefit outsource services.
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The California network-equipment maker says the $2.2 billion deal to be acquired by a Chinese telecom won't proceed, because federal authorities reviewing the proposed sale said security issues can't be resolved.
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Concerns about national security and technology transfer are being raised by rumors of Chinese interest in acquiring an American disk drive maker.
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(InfoWorld) - Symantec declared itsÂ compensation offerÂ for Chinese users who saw their computers damaged by a bad software update a success Sunday, but declined to say how many users had accepted the deal. Symantec ran into trouble May 18, when the company issued a faulty software update for its Norton antivirus software that wrongly identified two system files in the Simplified Chinese edition of Windows XP as malware, and quarantined them. That blunder rendered an estimated 50,000 Chinese PCs unusable, Symantec said. The incident also provoked an angry outcry from Chinese users, who demanded compensation for the damage wrought on their systems by Symantec. At least two users filed lawsuits against Symantec over damage done to their PCs by the company. Five weeks after the bad update was released, Symantec offered free software to those Chinese users who were affected. The company offered Chinese consumers a 12-month Norton license extension and a copy of Norton Save & Restore 2.0. Corporate customers were offered Symantec Ghost Solution Suite licenses, depending on the number of PCs affected. Symantec did not extend Norton licenses for corporate customers affected by the bad update. The compensation offer, which was valid for two and a half weeks starting from June 27, ended Sunday night. However, the Web site created for users to apply for compensation remained up at the time of writing, on Monday morning. In an e-mail statement sent Sunday, Symantec declared the offer a success, saying the gesture had been "well received." But the company did not offer any information to back up that claim. Symantec's offer was widely criticizedÂ in the Chinese press when it was first announced. "Symantec's response to its Chinese consumers lacks seriousness and sincerity," Alamus, the deputy director of the China Electronic Commerce Association's committee on legal and policy issues, said at that time in a report by China Central Television (CCTV), the country's national TV broadcaster. While Symantec's compensation offer officially ended Sunday, the company is keeping the door open for users who missed the July 15 deadline. "After this date anyone who missed the registration date should contact Symantec Customer Support or email symantec.authorised.support.cn@clts.com and we will give consideration to extending the date for that individual customer," the company said. Â
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China, the world&#39;s hottest aviation market for Boeing and Airbus, has apparently decided to freeze new airplane purchases in 2005.
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The Chinese government is trying to address an electricity shortage that has led to rationing in more than a third of the countryâs provinces in recent weeks.
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Millions of Chinese computers may have been paralysed by a faulty anti-virus update from Symantec, the world&#39;s largest security software provider, state media reported Thursday.