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China is the world's largest integrated circuit market and most active investor in the field with the world's largest number of projects. The move will lead to major uncertainties for US producers, reducing their investment in research and development and hurting production, he said.
China is the world's largest semiconductor market. Its annual chip imports totaled more than 0 billion in recent years.
China has revised its negative lists for foreign investment, further widening market access in such areas as finance, transportation, energy, resources, and agriculture.
China is ranked 14th among more than 100 economies worldwide in the 2019 edition of the Global Innovation Index report.
China is resorting to SOE mergers to create more global powerhouses and avoid cut-throat competition, in addition to restructuring redundant industries to aid supply-side reform, Li said.
来源：资阳报