High-Speed trains are pictured during a tour of CRRC Tangshan facility, the cradle of locomotive and rolling stock industry. Photo: Simon Song

China enlists top tobacco firm, train maker for US$21 billion investment fund to help counter manufacturing slump

  • Finance ministry, CDB unit to spearhead investments by infusing initial capital in new fund amid signs of faltering manufacturing
  • Fund to invest in sectors including new materials, new generation information technology and electric-power equipment, among others
Topic |   Xi Jinping

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High-Speed trains are pictured during a tour of CRRC Tangshan facility, the cradle of locomotive and rolling stock industry. Photo: Simon Song
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