CX Daily: Beijing Bets on New Policy Tool to Bolster Emerging Sector Investment
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In Depth: Beijing Bets on New Policy Tool to Bolster Emerging Sector Investment
China is set to roll out a multibillion-dollar policy-backed financial instrument to channel capital into emerging sectors such as artificial intelligence (AI), with a dedicated portion earmarked for private enterprises.
The 500 billion yuan ($70 billion) instrument is expected to be launched by the end of September, multiple policy bankers told Caixin. It could help cushion the blow of U.S. tariffs on China’s economy
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