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China sets up $21 billion fund to upgrade.....>

CHINA
CHINA: China sets up $21 billion fund to upgrade manufacturing - Shanghai
Securities News (RTRS)
- China has set up a $21 billion national investment fund to promote the
transformation and upgrading of the country's manufacturing industry, the
official Shanghai Securities News reported on Wednesday. The fund, with a
registered capital of 147.2 billion yuan ($21 billion), will invest in both
growth-stage and mature companies in areas such as new materials,
next-generation information technology (IT) and power equipment, the newspaper
said.
- Link: https://tinyurl.com/st9yafq
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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