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Singapore may just be capitalizing on the US-China tech war in the field of semiconductor sales. Singapore may just be capitalizing on the ongoing tech rivalry between the United States and China, particularly in the field of semiconductor sales, according to a report by Bloomberg.
China's tech sector has flourished through the leadership of private firms, but their success has created a tension between commercial and government interests.
The detention of Bao Fan, Chairman and CEO of China Renaissance Holdings, hearkened back to Beijing’s pandemic-era campaign against technology firms, writes Yvette To (City University of Hong Kong).
Global inflation and rate-hike pressure also contributed to a second-straight quarter of economic contraction for the island during the year’s first quarter, by more than 3 per cent.
China’s first formal economic assessment by its new leadership line-up offers insight into how they will support growth while trying to stabilise the nation’s economy.