China cuts taxes on circuit industry in face of US pressure

ABC News | 5/22/2019 | Staff
entengo (Posted by) Level 3
Click For Photo: https://s.abcnews.com/images/site/abc_default_image_me.jpg

China is cutting taxes on its fledgling software and integrated circuit industries to spur development in the face of U.S. export controls that threaten to handicap Chinese tech companies.

The Finance Ministry's announcement Wednesday comes amid tension over Washington's decision to restrict technology exports to Chinese telecom equipment giant Huawei and other companies.

Makers - Smartphones

Chinese makers of smartphones...
(Excerpt) Read more at: ABC News
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!