Chip making is one of 10 key sectors in which Beijing hopes its domestic players will catch up with global leaders and become self-sufficient by 2025. Photo: AFP

China offers five-year tax breaks to chip makers, software developers to bolster industry as trade war stretches to tech

  • Semiconductor makers and software companies will be exempt from corporate taxes for two years and their taxes halved in the following three
Topic |   US-China trade war

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Chip making is one of 10 key sectors in which Beijing hopes its domestic players will catch up with global leaders and become self-sufficient by 2025. Photo: AFP
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Zhang Shidong

Zhang Shidong

Zhang Shidong is based in Shanghai and reports on business for the Post. He joined the team in 2017, following stints covering China's stock market news for Bloomberg and at a local newspaper in Shanghai.