China set up its third investment fund to boost chip industry

The International Monetary Fund expects China’s economy to grow 5% this year, raising its forecast from the previous 4.6%. The IMF credits this revision to China’s strong economic performance in the first quarter and a raft of new policy measures. What are the main drivers for China’s economy right now (00:40)? China has set up its third investment fund to boost its chip industry. What will be the focal areas of the third phase of the Big Fund for its investment (16:33)?