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Two Sessions: China dodged a recession in 2020 Now it needs to pick up the pace of GDP growth

Two sessions: China sets GDP target of more than 6% in 2021, announces Premier Li Keqiang CNN 3/5/2021 By Laura He, CNN Business © Roman Pilipey/EPA-EFE/Shutterstock Chinese President Xi Jinping (C) and Premier Li Keqiang (2-R) sit with other delegates for the opening session of the Chinese People s Political Consultative Conference (CPPCC) at the Great Hall of the People, in Beijing, China, 04 March 2021. China bucked the global recession in 2020, and in doing so narrowed the economic gap with the United States. Now it says it needs to pick up the pace this year. Popular Searches Premier Li Keqiang on Friday announced that China would target growth of more than 6% in 2021.

China turns to Japan for semiconductor equipment, avoiding US restrictions

Animal spirits roar like a Lion to start the new month

3/1/2021 12:49:17 PM GMT Overview:  Equities and bonds jump back.  Most Asia Pacific markets advanced 1.5-2.5% after the regional MSCI benchmark dropped 3.65% before the weekend and 5.3% last week.  The recovery in European stocks was even more impressive.  The Dow Jones Stoxx 600 was up around 1.55% near midday, recouping the pre-weekend loss in full and making a gallant effort to recoup last week s 2.4% loss.  US shares are trading higher, and the futures benchmarks are up 1.0%-1.4%.  While the US 10-year yield is firm at 1.43%, yields have fallen elsewhere.  Benchmark yields are 4-7 bp lower in Europe.  The markets await the ECB report to confirm it stepped up its bond-buying efforts last week.  Australia s 10-year yield plummeted nearly 25 bp following the central bank s aggressive purchase today.  New Zeland s 10-year yield fell 17 bp. The dollar is back to the fulcrum among the major currencies.  The dollar-bloc, Norwegian krone, and sterling trade higher, while th

China will vigorously support semiconductor industry, IT ministry head says, as country seeks self-sufficiency in chip-making

China will vigorously support semiconductor industry, IT ministry head says, as country seeks self-sufficiency in chip-making
scmp.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scmp.com Daily Mail and Mail on Sunday newspapers.

Is Taiwan a Ticking Time Bomb in the Semiconductor Supply Chain?

The overwhelming reliance on Taiwan for critical supply elements creates a combustible situation for the global economy. By February 27, 2021 Advertisement Huawei and the threat it poses to security may grab more headlines, but the semiconductor industry that underwrites the much-debated 5G transition and nearly every technological advancement we see ahead of us is an issue of even more vital importance. Both the United States and China recognize this. Meanwhile, the United States has increasingly employed every incentive it can in order to bring semiconductor manufacturers to U.S. soil to avoid disruption to the industry amid supply chain shocks. Further, Senate majority leader Chuck Schumer has explicitly stated that semiconductors are an industry in which the U.S. must “out-compete China.” Overall, this suggests that the dynamics of Sino-American competition have not, in fact, been augmented significantly by the change in Oval Office occupant.

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