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SASAC To Enhance Investment In Key Security Sectors

MNI (Singapore)

The State-owned Assets Supervision and Administration Commission said in a meeting on Monday that it will strengthen investment in key security fields such as national defense and military industry, as well as food and energy resources, to serve the country's major strategies, according to Securities Times. The regulator of state-owned companies stressed it will focus on investment in new infrastructure, urbanisation, transportation and water conservancy. It will work to improve self-sufficiency in key materials, core components, and basic software, it said. Strategic emerging industries and modern industrial chains will be boosted to provide China with competitive advantages.

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