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Chinese ministry calls for supply chain resiliency, without mentioning chip production targets

China s integrated circuit sales rise

China s integrated circuit sales rise
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Industrial economy on steady track

Industrial economy on steady track Efforts to leverage market potential and resilience keep uncertainties at bay China s industrial economy will maintain sound and steady growth this year, while the strong industrial chain will keep economic uncertainties at bay, a regulatory official said on Tuesday. Our confidence stems from China s efforts to fully leverage its market potential and resilience, especially on back of its experiences in work resumption and production since the COVID-19 outbreak, said Tian Yulong, chief engineer and spokesman for the Ministry of Industry and Information Technology. Such efforts will give full play to the complete manufacturing system and strong supporting capabilities, and will further boost the country s global competitiveness, Tian said during a State Council news briefing.

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