Rabobank analysts They point out that China is still trying to cope with the increase in Covid infections after the relaxation of restrictions.
The EU will discuss a joint policy today
“Some media outlets are reporting a possible spike in new infections, while reports of full hospitals and morgues paint a much bleaker picture. Some countries have already imposed restrictions on the entry of passengers from China, and the EU will discuss today a joint policy.
“The recent surge in Covid infections is not just straining China’s healthcare system. Bloomberg reports that it may now also stifle Beijing’s plans to launch a national semiconductor industry to compete with government-controlled supply chains.” United States According to Bloomberg, the impact of the virus on the government budget is forcing officials to reconsider their subsidies to the sector, which have been expensive and have produced relatively little results.
“It is not yet clear what alternative policies the government may come up with, but new strategies could include cutting material costs, according to news agency sources. This could slow the country’s path towards self-sufficiency in the sector. of chips as it seeks to disassociate itself from the US, which has increasingly limited its strategic rival’s access to key chip resources.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
