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Manufacturing and technology projects deemed critical to China’s economy are getting a boost under President Xi Jinping’s new strategy of self-reliance
The effort comes as a growing list of Chinese businesses, including Huawei, have been blacklisted by Washington, restricting their access to American products and technologies
Published: 6:59pm, 11 Sep, 2020
Updated: 10:58pm, 11 Sep, 2020
China’s industry ministry has joined hands with China Development Bank – Beijing’s financing arm that bankrolls state-backed projects – to pump hundreds of billions of yuan into designated manufacturing and technology projects as the government further directs resources into areas it deems critical to the nation’s economic well-being.
China’s industry ministry has joined hands with China Development Bank – Beijing’s financing arm that bankrolls state-backed projects – to pump hundreds of billions of yuan into designated manufacturing and technology projects as the government further directs resources into areas it deems critical to the nation’s economic well-being.