Trade War: Chinese state entities in at least 8 provinces are directing employees to use local brands, escalating efforts to promote domestic products over foreign ones.

Multiple 🇨🇳 state firms and government departments across at least 8 provinces — including the prosperous coast — instructed employees in the past month or two to start carrying local brands.

That’s a major step-up from around September, when a small number of agencies in… pic.twitter.com/5j3Ngci7aE

— Byron Wan (@Byron_Wan) December 15, 2023

🔴 CHINA’S IPHONE BAN ACCELERATES ACROSS GOVERNMENT AND STATE FIRMS. $AAPL

— Breaking Market News (@financialjuice) December 15, 2023