China’s Semiconductor Future: What Can $1.4 Trillion Buy?
China’s semiconductor investment should be taken seriously, but perhaps not literally.
$1.4 trillion dollars. That’s the investment price tag the Chinese government has committed to paying to develop its domestic semiconductor industry in the next five years. This attempt to achieve self-reliance in semiconductors, which power much of the global economy, is not just a strategic objective but an existential imperative. Multiple rounds of U.S. sanctions are threatening to crippled China’s tech sector, forcing national champions like Huawei to charter planes to bring back as many
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For much of the past two decades, Europe's luxury market has counted on the ferocious appetite of Chinese consumers to bolster its bottom line. But foreign luxury brands are facing a reckoning in China. Not only is China’s economy entering a more uncertain phase, giving consumers pause, but homegrown designers and labels are also gaining ground. The questions now are which European brands can still rely on China, and how China's domestic designers can capture a share of the pie.
The Treasury’s top international official gives an inside-the-room account of the latest talks between Treasury Secretary Yellen and the Chinese leadership, including the U.S.’s efforts to get Beijing to address overcapacity and economic imbalances, how...
A podcast about how the two nations, once friends, are now foes.
Hear why things are so complicated now. Host Jane Perlez, former New York Times Beijing bureau chief, talks with diplomats, spies, cultural superstars like Yo Yo Ma, and more to understand why the dangers are so high, and why relations went awry.