China’s hi-tech manufacturing sector is set to get an extra US$7 billion in state funding. Photo: Xinhua

China looks to raise an extra US$7.1 billion to support hi-tech manufacturing

  • Advanced Manufacturing Industry Investment Fund was set up in 2016 to support ‘Made in China 2025’ plan
  • Second phase funding target represents a 150 per cent increase on first round
Topic |   Made in China 2025

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China’s hi-tech manufacturing sector is set to get an extra US$7 billion in state funding. Photo: Xinhua
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While Washington and Brussels complain about the unfair advantages enjoyed by Chinese state-owned enterprises (SOEs), Beijing insists that a powerful state sector is vital for China’s economy, but claims that it does not preclude economic fair play. Photo: Xinhua

China reaffirms commitment to state-led economy despite US pressure, after top Beijing policy meeting

  • Beijing reaffirms ‘public ownership’ is fundamental to China’s economic system in statements following fourth plenum this week
  • Top economic official promises to provide level playing field to all, including international firms, despite concerns over uneasy marriage of the two
Topic |   China economy

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While Washington and Brussels complain about the unfair advantages enjoyed by Chinese state-owned enterprises (SOEs), Beijing insists that a powerful state sector is vital for China’s economy, but claims that it does not preclude economic fair play. Photo: Xinhua
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