China's manufacturing sector expands at fastest clip in more than a decade
China's official manufacturing sector purchasing managers' index rose to 52.6 in February, well above expectations. This comes amid a strong recovery in demand after Beijing lifted almost three years of Covid restrictions. Stock markets in mainland China and Hong Kong reacted positively to the news. Also on the show, we take a look at the strings attached to the US Chips Act, which will provide subsidies to companies willing to make semiconductors on American soil.