Chinese tech firms take two steps forward, one step back

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Financial Times 13h ago

Chinese tech firms take two steps forward, one step back - Financial Times

Quick Summary:

Stocks are at three-year highs, driven by optimism over DeepSeek, the homegrown answer to OpenAI, and strong corporate earnings.

Trump’s team is also weighing even tougher chip export restrictions than those currently in place, signalling a potential escalation in trade tensions.

Even as the US tightens restrictions on semiconductor exports, Beijing is strengthening self-sufficiency initiatives that make its tech sector resilient to external pressures.