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.
