China Daily Reads

China Daily Reads

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China Daily Reads
China Daily Reads
China Creates $47.5 Billion Chip Fund to Fuel Self-Resilience

China Creates $47.5 Billion Chip Fund to Fuel Self-Resilience

May 27, 2024
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China Daily Reads
China Daily Reads
China Creates $47.5 Billion Chip Fund to Fuel Self-Resilience
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  • State-owned banks, firms among major shareholders of the fund

  • China tries to buy tech breakthroughs with heavy investment

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