By Samuel Shen and Josh Horwitz
SHANGHAI (Reuters) - As the U.S.-China "tech war" widens, investors are betting on China's efforts to replace U.S. technologies with indigenous applications to run networks in the state sector.
In recent months, local governments and state firms such as China Telecom have announced plans and procurements aimed at fostering a home-grown tech ecosystem to displace gear from the likes of Intel, Microsoft, Oracle and IBM.
An index tracking Chinese IT stocks <.CSIINT> has jumped nearly 30% this year, doubling blue-chip gains <.CSI300>.
"We're seeing more U.S. actions against China, and the future tends to be 'one world, two systems'," said Wu Kan, portfolio manager at Soochow Securities Co, who has invested in local tech leaders including China National Software & Service Co Ltd <600536.SS>, China Greatwall Technology Group ...
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