Short term it can move prices but the real play is long term dominance in strategic tech. This kind of direct state buying is how they fight back against restrictions from the west and it is only going to get more aggressive.
JUST IN 🚨: China's government just pumped 13.8 Billion Yuan ($2 Billion USD) into their largest ETF tracking semiconductor stocks, the fund's largest inflow in history 🤯 👀 pic.twitter.com/cjO00FPdSr
— Barchart (@Barchart) July 21, 2026