Bloomberg (February 19)
2024/ 02/ 20 by jd in Global News
China’s Communist Party appears poised to “play a bigger role in steering its vast technology industry, the latest sign that Beijing intends to exert more influence over swathes of the world’s No. 2 economy.” In response, shares in the nation’s listed chipmakers “slid more than 2% as investors pondered the ramifications of greater state control, which has yielded mixed results so far.”
Tags: Beijing, China, Chipmakers, Communist party, Influence, Investors, Mixed results, No. 2 economy, Ramifications, Shares, State control, Steering. Technology industry
