ANNOUNCEMENT 29 Oct 2018
October 29th, 2018 - The local government in China's Tianjin Municipality released a plan to boost a particular sector, including information about financial provisions.
NUMBER OF INTERVENTIONS
Tianjin Municipality Goverment, October 29th, 2018. (津政办发〔2018〕40号 天津市人民政府办公厅关于印发天津市新一代人工智能产业发展三年行动计划（2018—2020年）的通知)
In October 2018, the authorities of China's Tianjin Municipality released a three-year 'action plan' (hereafter, 'Plan'), which contained information relating to funding certain firms.
The Plan promised a total fund of USD 14.4bn (CNY 100bn) to eligible firms in the artificial intelligence (AI) industry.
The funds are stated to be coming from the 'Smart Manufacturing' fund pool (see related act). They will be used to develop various facets of the AI industry.
The Plan is the local iteration of several national-level plans; please see related acts for more information.
The Plan is stated to be in effect from 2018 (i.e. the time of its release) until 2020.