China has set up its third planned state-backed investment fund to boost its semiconductor industry, with a registered capital of RMB 344 billion ($47.5 billion), according to a filing with a government-run companies registry, reports Reuters. The hundreds of billions of yuan invested in the sector puts into perspective Chinese leader Xi Jinping's drive to…
Chinese stocks closed down
on Tuesday as traders awaited key inflation data from major
economies this week for clues on the path for interest rates,
and weighed the effectiveness of China s latest. -May 28, 2024 at 05:12 am EDT
- MarketScreener
Outspending US capitalism China has established its third state-backed investment fund to bolster its semiconductor industry, with a registered capita.
Chinese stocks declined on Tuesday as traders awaited significant inflation data from major economies to gauge future interest rate trends. Key U.S. inflation figures are due Friday. Meanwhile, Shanghai relaxed certain housing policies in a bid to stabilize its property market, but market sentiment in top-tier cities remains uncertain.