China Construction Bank will join the fund alongside the state planning body the NDRC. Photo: Reuters China Construction Bank will join the fund alongside the state planning body the NDRC. Photo: Reuters
China Construction Bank will join the fund alongside the state planning body the NDRC. Photo: Reuters

Industrials

China state planner and top bank set up US$47 billion fund to invest in emerging industries

The National Development and Reform Commission and China Construction Bank are targeting sectors including new materials, biotechnology and new-energy vehicles

Topic |   Industrials
China Construction Bank will join the fund alongside the state planning body the NDRC. Photo: Reuters China Construction Bank will join the fund alongside the state planning body the NDRC. Photo: Reuters
China Construction Bank will join the fund alongside the state planning body the NDRC. Photo: Reuters
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