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China Tech Crackdown: Communist Party Policy Changes Behind $1 Trillion Selloff - Bloomberg
bloomberg.combloomberg.comUNESCO Science Report: the Race Against Time for Smarter Development - FACTSHEET
For example, in 2021, the China Development Bank created a special loan program for scientific and technological innovation and basic research. By May 2024, the bank had distributed more than $38 billion worth of loans to support critical, cutting-edge sectors, such as semiconductors, clean energy technology, biotech, and pharmaceuticals.
Zongyuan Zoe Liu • China’s Real Economic Crisis
In August 2023, the U.S. Commerce Department found that Chinese PV producers were shipping products to Cambodia, Malaysia, Thailand, and Vietnam for minor processing procedures to avoid paying U.S. antidumping tariffs. China’s PV-production capacity, already double the global demand, is expected to grow by another 50 percent in 2025. This extreme o
... See moreZongyuan Zoe Liu • China’s Real Economic Crisis
Overcapacity in low-end production has plagued other Chinese tech industries, as well. The most recent example is artificial intelligence, which Beijing designated as a priority industry in its last two five-year plans. In August 2019, the government called for the creation of about 20 AI “pilot zones”—research parks that have a mandate to use loca
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