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China, the world's largest consumer of semiconductors, has stepped up the effort to bolster its own chip industry through various means, including the acquisition of foreign technology companies.
China's sovereign wealth fund pledged to its stakeholders in the annual report that it is well positioned to withstand short-term market volatility as a long-term investor.

China's second-quarter GDP growth of 3.2 percent year-on-year was materially ahead of Bloomberg consensus estimate of 2.4 percent. This has evidenced a "V-shaped "recovery trajectory of the Chinese economy from the COVID-19 epidemic, characterized by a strong recovery after a sharp economic decline.
China's rapidly developing 5G technology would also lead to improvements in resource efficiency as well as productivity, and attract foreign direct investment in the long run, said Chai Yongzhi, a researcher at the Chinese Academy of Science and Technology for Development in Beijing.
China's promise to further open its markets is giving a fillip to the world economy, hard hit by the COVID-19 pandemic.
来源:资阳报