The latest reports that Beijing is pressuring Chinese banks to stop using high-end servers from computing giant IBM (NYSE: IBM) don’t come as a huge surprise, amid escalating tensions between China and the US over cyber spying. This particular development is just the latest in a series of similar moves that dates back to last year, when Beijing began quietly pressuring many big state-run firms to stop using US tech products following revelations from the Edward Snowden cyber-spying scandal. The ironic element of Beijing’s anti-foreign tech campaign is that it could actually make the nation’s technology networks and systems even more vulnerable to spying, since most domestic products are far less sophisticated than their foreign counterparts. Read Full Post…
