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Japan’s Q2 GDP Growth Surpasses Market Expectations and China’s Economic Slowdown Could Impact the US

[New Tang Dynasty News, Beijing time, August 15, 2023]Please watch today’s 100 seconds of finance and economics.

Japan’s Q2 GDP annual growth rate of 6% is better than market expectations

The Japanese government announced that the gross domestic product (GDP) in the last quarter was converted to an annual growth rate of 6.0% compared with the previous quarter, which was better than market expectations, which means that the Japanese economy has expanded for three consecutive quarters driven by external demand.

Yellen said China’s economic slowdown may affect the United States, but still optimistic about the United States

U.S. Treasury Secretary Janet Yellen said on Monday that a slowdown in China would have the greatest impact on its Asian neighbors and could also have spillover effects on the United States, but she was generally optimistic about the U.S. economy.

China Micro Semiconductor CEO: China’s chip manufacturing process is at least 5 generations behind

Yin Zhiyao, CEO of China Microelectronics Semiconductor, said that since 2019, the US government has issued 15 rounds of semiconductor restriction policies; Yin Zhiyao said that the gap between China’s semiconductors and foreign countries has widened. It used to be two generations, but now it is five generations.

Netflix enters game streaming to challenge Microsoft, Sony

Netflix (NFLX) announced on Monday that it will launch a test of the game streaming service, which will be provided to a small number of subscribers in Canada and the United Kingdom first, which is considered to challenge Microsoft and Sony.

NTDTV Asia-Pacific TV report

2023-08-15 10:25:49
#Financial #SecondsYellen #Chinas #economic #slowdown #affect #United #States #optimistic #United #States

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