Here's your summary from 3 things in China: Rescue Package, Eco Rebound, Chip Fund (https://www.youtube.com/watch?v=Gjvt6ebzFos) on the Bloomberg Television channel:
**TLDR:** China's major cities ease home buying restrictions, IMF raises economic growth forecast to 5% in 2024, Beijing establishes large chip fund for semiconductor industry development.
1. Three major Chinese cities eased home buying restrictions to revive demand in the property sector.
2. The IMF raised China's economic growth forecast to 5% in 2024 due to strong expansion in the first quarter and government support.
3. Beijing set up a significant chip fund to drive development in the domestic semiconductor industry amidst US efforts to restrict access to strategic technology.
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