<p>China is planning a set of new government policies to develop its domestic semiconductor industry and counter restrictions imposed by the administration of US President Donald Trump, Bloomberg News reported on Thursday.</p>.<p>The Chinese government is preparing broad support for so-called third-generation semiconductors for the five years through 2025, the report added, citing people with knowledge of the matter.</p>.<p>Measures to bolster research, education and financing for the industry have been added to a draft of China's fourteenth five-year plan, according to the report. It said that the plan will be presented to the country's top leaders in October.</p>.<p>The Trump administration has restricted technology exports to Chinese companies in particular, notably Huawei Technologies Co Ltd, citing national security risks.</p>.<p>The Bloomberg report comes amid increasing US-China tensions over the handling of the coronavirus outbreak, the ongoing trade war between the two countries, China's imposition of a national security law on Hong Kong and the subsequent end to Hong Kong's special status under US law by Trump.</p>
<p>China is planning a set of new government policies to develop its domestic semiconductor industry and counter restrictions imposed by the administration of US President Donald Trump, Bloomberg News reported on Thursday.</p>.<p>The Chinese government is preparing broad support for so-called third-generation semiconductors for the five years through 2025, the report added, citing people with knowledge of the matter.</p>.<p>Measures to bolster research, education and financing for the industry have been added to a draft of China's fourteenth five-year plan, according to the report. It said that the plan will be presented to the country's top leaders in October.</p>.<p>The Trump administration has restricted technology exports to Chinese companies in particular, notably Huawei Technologies Co Ltd, citing national security risks.</p>.<p>The Bloomberg report comes amid increasing US-China tensions over the handling of the coronavirus outbreak, the ongoing trade war between the two countries, China's imposition of a national security law on Hong Kong and the subsequent end to Hong Kong's special status under US law by Trump.</p>