China to Pause Chip Investments as Covid Strains Budget

The transcript discusses Beijing's shift in economic strategy, moving from large-scale investments to more targeted measures, particularly in the chip industry. This change is driven by dissatisfaction with past investment results and the impact of COVID-19. Alternatives such as encouraging price reductions and focusing on research and development are also considered.

What alternatives to large investments does the text mention for supporting the chip industry?

In what ways is research and development being emphasized in Beijing's approach to the chip industry?