BEIJING -- Beijing remains focused on pouring money into its chip industry in a tech race against the U.S. instead of funding powerful stimulus measures, further slowing its economic recovery from a real-estate-induced slump.
US-China tensions
China puts priority on tech race with U.S. over economic growth
Government stimulus measures are small while chip and EV sectors get assistance
China's real estate market shows little sign of emerging from its two-year slump. (Photo by Iori Kawate)
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