Shanghai Eases Housing Curbs; China's $48B Chip Fund | Bloomberg: The China Show 5/28/2024
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- čas přidán 25. 06. 2024
- “Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, David Ingles and Stephen Engle give global investors unique insight, delivering in-depth discussions with the newsmakers who matter.
00:00:00 - Bloomberg: The China Show opens
00:07:15 - China creates $47.5 billion chip fund to back nation's firms
00:12:59 - "Washington can't love Taiwan too much," says former CIA Deputy Assistant Director for East Asia and the Pacific Dennis Wilder
00:25:33 - Market strategy with UBS Chief Global Equity Strategist Andrew Garthwaite
00:40:25 - Shanghai eases home downpayment, mortgage requirements
00:47:12 - Fed's preferred inflation gauge seen cooling
00:50:09 - Bloomberg Intelligence on China's largest-ever chip fund
00:55:48 - "SenseTime is our answer to ChatGPT," says co-founder Xu Bing
00:59:33 - AI boom draws stock traders to Southeast Asia's likely winners
01:04:24 - Severe heat wave sweeps through Asia
01:10:39 - Interview with former IMF Economic Counsellor and Director of Research Olivier Blanchard
01:23:11 - Exclusive: China AMC CEO Yimei Li says it's harder to build an ideal index for Chinese companies
01:26:32 - The China Brief: Xi highlights role of central region
01:28:27 - UBS Asian Investment Conference recap
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Negativity never serve any purpose for humanity, but conflicts! Remember slow to anger, slow to speak, quick in listening....bless!
Someone is getting desperate!
OH Now I understand why the Guys at the other Channel says they are the "Real" China Show didn't know this existed and apparently neither did anyone else.
What other channel?
Well said by this excia head
China have set up an investment fund to boost the development of the semiconductor industry as China seeks to strengthen self-reliance in critical technologies amid growing protectionism and restrictions by the US.
The fund underscores China's firm resolve and confidence in boosting the semiconductor industry, and it will accelerate technological breakthroughs, especially in the manufacturing of advanced chips.
The fund is also expected to finance research and development projects that enhance AI capabilities using existing chipmaking technology.
In addition to supporting the development of chip manufacturing equipment subject to U.S. restrictions, the fund is expected to aid major Chinese semiconductor companies' moves to rapidly switch from international to domestic suppliers for silicon wafers, chemicals and industrial gases by providing financing to Chinese makers of these products.
The US force China into the corner in total capitulation and to destroy China and to prevent China from competing with the US.
China is fighting for survival in order to overcome US multiple sanctions and total destruction and obliteration in core high-tech technology business.
The US multiple sanctions is a deliberate attempt by the US to obliterate China from the highly advanced technology industry.
The US chip sanctions has long been a diplomatic and economic tool used by US seeking to influence others to submit to US demand and interest.
The US aims to destroys China’s capability in sustaining China’s progress in chip manufacturing.
The US aims to disrupt China’s strategic planning and hinder its progress in the semiconductor sector.
US imposed economic war with economic sanctions on chip technology to China.
This catalyzed a quick respond for China to developed its own independent research and development in chip sector in key technology and become self-sufficient in the production of chip technology.
The US wanted to destroys China and its economy in order to prevent China from competing with the US.
The US Bureau of Industry and Security issued a document with its 139 pages of dense bureaucratic jargon and minute technical detail is a declaration of economic war on China.
The US government announced its intention to cripple China’s ability to produce or even purchase the highest-end chips.
The US wanted to impact China’s A.I. industry and the semiconductor stuff is the means to that end.
China was cut off not just from importing the most advanced chips, but also from acquiring the inputs to develop its own advanced semiconductors and supercomputers, and even from the U.S.-origin components, technology and software that could be used to produce semiconductor-manufacturing equipment to eventually build their own fabs to make their own chips.
After 2023, Oct. 7, the US forbids any persons to engage in any activity that supports the production of advanced semiconductors in China, whether by maintaining or repairing equipment in a Chinese fab, offering advice or even authorizing deliveries to a Chinese semiconductor manufacturer.
For China, the race for technological self-sufficiency presents perhaps a greater challenge than any the country has faced.
The Oct. 7 export controls, while crippling China’s advanced chip-making ability for the foreseeable future, may end up spurring long-term growth.
Now Chinese companies must innovate together or die.
US attempts to curtail China’s technological rise enabling China to endure the economic hardships imposed by the sanctions into a catalyst for indigenous innovation inadvertently.
The latest addition to the investment fund comes as the US continues to impose restrictions on sales of chips and related products to China, in an attempt to contain China's technological rise.
China strong support for the semiconductor industry conveys confidence to the entire industry, indicating that China has strong financial resources and technical support, and also has firm determination in terms of chip independence.
Continuing to convey confidence and determination is crucial to the development of the industry.
China's chip industry has not stopped developing but has instead grown rapidly.
China continued increase in investment will further enhance confidence in the industry.
Tofu Dreg chips
yes, get used to it soon with overcapacity in the near future.
😂
@@user-br9oi2sh7okeyword “near future” Why CCP is putting more subsidy money $$ if Huawei ams SMIC has already caught up.