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U.S.-China tensions could ‘supercharge’ China’s innovation: JPMorgan

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An employee works on the production line of semiconductor wafer at a factory of Jiangsu Azure Corporation Cuoda Group. China has stepped up investment into its chip industry in a bid to be self-reliant in crucial technology needed for electric vehicles, smartphones and more.

VCG | Visual China Group | Getty Images

U.S.-China tensions have pushed Beijing to be more self-sufficient, and that could be a good thing for innovators in China, according to an investment specialist at JPMorgan Asset Management.

“One of the unintended consequences of this push and shove between the U.S. and China is that it has just underscored this determination in China to become self-sufficient in a whole variety…



Source cnbc.com

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