September 17, 2024 — In the aftermath of China's Third Plenum, the nation is sharpening its focus on solidifying its position in the global tech arena, with a particular emphasis on revolutionizing its semiconductor industry. The launch of Big Fund 3.0 represents a critical effort to overcome past shortcomings and drive forward China's ambitions for technological self-sufficiency. This recalibration is not without its challenges, as the country grapples with technological bottlenecks, geopolitical pressures, and the complexities of public-private sector collaboration.

In this second panel discussion of Asia Society Policy Institute’s Center for China Analysis’ (CCA) webinar series Third Plenum Reboot: China's New Policy Playbook, experts delve into China's strategic shifts in semiconductor development and examine the effectiveness of these efforts and their implications for the global tech landscape. Speakers include Mary Hui, reporter at Bloomberg; Paul Triolo, partner at Albright Stonebridge; Glenn Luk, CFO of Catalyte and co-founder of Healthcare.com; and Kevin Xu, author and founder of Interconnected.blog. CCA fellow Lizzi C. Lee moderates the conversation. (51 min., 51 sec.)