ANNOUNCED AS TEMPORARYNo
On the 12th of June, 2018, China's National Development and Reform Commission officially announced the establishment of a USD 48.8bn (CNY 300bn) fund to support the government's plans to boost 'strategic emerging industries'.
This announcement officially cites the related state act as the plan that will guide the funds. This means money will go towards investment through venture capital, bonds, tax reductions, subsidies and direct financial injections into eligible firms.
For more information on the main plan, please see related state act.
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