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Beijing Is Furious

Por: Forbes Business October 17, 2022

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China's President Xi Jinping speaks. (Photo by Goh Chai Hin - Pool Getty Images)Getty Images Beijing has roundly decried Washington’s recently passed CHIPS for America Act. Chinese spokespeople have promised retaliation, though China’s leadership have not yet revealed what steps they plan to take, if any. The problem seems to center on the $52 billion that the $280 billion bill reserves to subsidize for semiconductor production in the... + full article



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