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China tech

China to build $300bn electronics parts sector in break with US

Beijing steps up efforts to boost domestic tech supply chains

A factory worker handles TV circuit boards in Nanjing: China seeks to produce more electronics parts in response to its technological rivalry with the U.S.   © Reuters

BEIJING -- The Chinese government on Friday announced plans to expand the domestic market for electronic components to 2.1 trillion yuan ($327 billion) by 2023, in its latest step to bolster the nation's tech sector amid a growing rivalry with the U.S.

China is already working on boosting semiconductor output in light of American restrictions such as export bans that have squeezed domestic manufacturers. It is now expanding the scope of its efforts to solidify its position as a tech superpower.

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