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AAPL Stock: 118.44 ( -2.86 )

Printed from http://www.macnn.com

Chinese government officially denies banning Apple procurements

updated 09:27 am EDT, Fri August 8, 2014

Apple never applied to be on energy-saving list, all parties say

The Chinese Central Government Procurement Center -- as well as the Finance Ministry, and Apple itself -- have all denied a recent Bloomberg report claiming that Apple had been deliberately excluded from procurement lists for security reasons, according to Reuters. It had been said that Chinese government agencies were newly banned from buying devices like iPads and MacBooks. All three parties involved now say, however, that Apple never applied to be on the list in question to begin with.

The list is in fact said to involve energy-saving products, rather than serve as an omnibus. "Even though Apple has the certification for energy-saving products... it has never provided the necessary verification material and agreements according to the regulations," the Finance Ministry adds in a statement.

The Chinese government has already cut out products from Microsoft, Symantec, and Kaspersky over security concerns. In particular it's believed to be worried about US intelligence agencies exploiting backdoors in tech products to spy on Chinese entities. The two countries have been spying on each other digitally for years, but tensions have escalated in the past year due to revelations about backdoors by Edward Snowden, and the US' indictment of five Chinese military officers in May on charges of industrial espionage.




by MacNN Staff

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Comments

  1. James Katt

    Junior Member

    Joined: 03-02-08

    Blame Bloomberg for this yellow-journalistic rumor-mongering article - that is now officially denounced by the Chinese Government.

  1. lkrupp

    Junior Member

    Joined: 05-13-01

    So this was all about Bloomberg manipulating AAPL for profit. Shouldn't this crap be illegal?

  1. prl99

    Mac Enthusiast

    Joined: 03-24-09

    Originally Posted by lkruppView Post

    So this was all about Bloomberg manipulating AAPL for profit. Shouldn't this crap be illegal?



    It's only illegal if someone can prove Bloomberg or someone associated with them made a profit with the news. News agencies and analysts can make up all the crap they want and get away with it because coming to a false conclusion based on what they see or don't see isn't illegal. It shows a lack of intelligence and understanding on how things work but stupidity isn't illegal. Of course, I agree with you about the stock manipulation but until the SEC grows some (I was going to say larger ones but they don't have any) Bloomberg and other will be able to get away with just about anything they say. Yes, this stinks but it's getting to be the American way, which really stinks and is absolutely embarrassing.

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