America's plan will not work..!? China's mega plan.. !?

On the one hand, china has been hit by the coronavirus, but on the other hand, it has started taking every step as if it cannot leave its production for anyone. china, which is the manufacturing plant of the world, is ready to take the next steps to maintain its position. It has already given some announcements. One of them is China's 1 trillion yuan announcement. china is set to allocate 1 trillion yuan ($143 billion) to boost semiconductor production.
China's move is also expected to reduce its dependence on taiwan amid tensions between china and Taiwan. Another reason for this is America. This is also seen as an important decision taken by china to confront America. Amidst the problem between china and taiwan, America is supporting Taiwan. Meanwhile, china is heavily dependent on taiwan for semiconductor production. As a result, there is a fear in china that the US may use taiwan as a pawn against China. In addition to this, as the US is putting every obstacle in the way of blocking China's technologies, the US's focus has now turned to semiconductors. Meanwhile, beijing plans to allocate a huge fund for semiconductor promotion. It has been reported that this fund can be made in the next 5 years and apart from this, it is planned to give many benefits to the manufacturers like tax concession.As demand increases amid ongoing political tensions, supply is being impacted. Due to this, many international countries are also facing problems. It has already made a huge impact on the automotive industry. Due to this, it is expected that the government may directly focus on this sector in the future. This may further lead to becoming a tough competitor to America. Already considering China's production, countries including india have started structures to increase their production. In the meantime, it seems that china has hastily taken up such a project.The US Department of Commerce issued a detailed announcement last October. In it, the US government decided to impose restrictions and restrictions on the supply and export of any equipment to semiconductor chip manufacturing companies in China. Due to this, it is expected that the international deficit will increase. In the meantime, last August, US President Joe Biden announced a 53 billion dollar subsidy to increase semiconductor production. This includes a $24 billion tax credit. Similarly, india has also provided tax incentives for semiconductor manufacturing through its PLI scheme. It is among many reasons that china is currently planning a project.