China to launch $47b fund for investment in SEI: state planner

Published: June 12, 2018 14:37:04 | Updated: June 14, 2018 18:03:57

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China’s state planner said on Tuesday it would jointly launch with China Construction Bank 300 billion yuan ($46.88 billion) worth of funds for investment in Strategic Emerging Industries (SEI).

Industries for investment include information technology, advanced equipment, new materials and new energy vehicles, the National Development and Reform Commission said on its website.

Most of the industries it mentioned are part of “Made in China 2025” initiative, reports Reuters.

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