Medical tech firm confirmed as one of the beneficiaries of the first phase of the fund. © United Imaging

China creates $21bn fund to upgrade manufacturing

20 November 2019

China has set up a national manufacturing fund of 147.2bn yuan ($21.02bn) to upgrade technological capabilities.

The fund will be invested in businesses including battery maker CATL and medical equipment maker United Imaging to develop advanced data technology, electronic equipment and new materials.

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China creates $21bn fund to upgrade manufacturing

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