Barclays has warned on the costs of US chip restrictions on China. Photo: Reuters/Handout
Barclays has warned on the costs of US chip restrictions on China. Photo: Reuters/Handout

Tech war: US chip restrictions could cost 0.6 per cent of China’s GDP and weigh on yuan, according to Barclays report

  • Barclays says while costs are ‘manageable for now’, impact could worsen if US restrictions are widened
  • In a worst-case scenario, the economic costs for China could widen to 3 per cent of GDP and a 7 per cent hit to yuan against US dollar

Barclays has warned on the costs of US chip restrictions on China. Photo: Reuters/Handout
Barclays has warned on the costs of US chip restrictions on China. Photo: Reuters/Handout
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