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China can still achieve its 6-6.5 per cent growth target – if it acts quickly to resolve the trade war

It’s not getting any easier for China’s growth plans this year with storm clouds on the international front and potential economic squalls brewing at home. Hitting its 6-6.5 per cent GDP target for this year would be a tough ask under normal circumstances. But with a deepening US trade war posing a greater threat to domestic well-being, Beijing needs to pull out all the stops to build much stronger defences around the economy in the coming months. It’s not just slower world trade flows harming… Source link

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Vietnam 

VN looks to achieve emerging market status – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Viet Nam’s securities market has plenty of opportunities to be promoted from a frontier market to an emerging market this year. In June last year, Việt Nam’s equity market failed to be added to Morgan Stanley Capital International’s (MSCI) watch list – the US independent provider of research-driven insights and tools for institutional investors, for classification review for a possible lift from a frontier market to an emerging one. However, according to the latest report released by the State Securities Commission…

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Huawei accused of scheme to steal semiconductor technology from US start-up to help China achieve tech dominance

A former Huawei employee has accused the company of tying to steal intellectual property in order to help China achieve technological dominance over the US by using a lawsuit against his Silicon Valley start-up. In a court filing, the former employee, Yiren “Ronnie” Huang, said the litigation was “the latest in a long line of underhanded tactics” by China’s biggest maker of telecommunications equipment. Huawei and its FutureWei unit sued Huang and his start-up CNEX Labs last December, accusing Huang of making off with sensitive trade secrets related to semiconductor…

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China 

‘Made in China 2025’: how new technologies could help Beijing achieve its dream of becoming a semiconductor giant

A year ago, Chinese government departments across the country received an order from the general office of the Communist Party to hand in a timeline detailing how soon they could replace existing computer hardware and software programmes with domestic substitutes. Under the guise of ensuring information security, the central government’s intent was to reduce use of computers, servers, semiconductor chips and software made by Western firms, as it looked to build its own core technologies, lessen its dependency on imports and become a big player on the global tech stage.…

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