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

Beijing steps up efforts to boost domestic tech supply chains

20210129N china electronic parts (REUTERS)

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

SHUNSUKE TABETA, Nikkei staff writer

January 30, 2021 02:16 JST

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.