- Tensions between Beijing and Washington have pushed China to be more self sufficient, said Alexander Treves of JPMorgan Asset Management.
- China has stepped up investment into its chip industry in a bid to be self-reliant in crucial technology needed for electric vehicles, smartphones and more.
- Separately, in the electric vehicle space in China, Treves said JPMorgan looks for companies with the most pricing power — usually the battery makers rather than specific auto brands.
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