By Bloomberg News May 27, 2014 9:58 AM GMT+0300
The Chinese government is pushing domestic banks to remove high-end servers made by International Business Machines Corp. (IBM) and replace them with a local brand, according to people familiar with the matter, in an escalation of the dispute with the
over spying claims. U.S.
Government agencies, including the People’s Bank of China and the Ministry of Finance, are reviewing whether Chinese commercial banks’ reliance on IBM servers compromises the country’s financial security, said the four people, who asked not to be identified because the review hasn’t been made public.
The review fits a broader pattern of retaliation after American prosecutors indicted five Chinese military officers for allegedly hacking into the computers of
and stealing secrets. Last week, U.S. China’s
government said it will vet technology companies operating in the country,
while the Financial Times reported May 25 that China
ordered state-owned companies to cut ties with consulting firms. U.S.