Fund to boost industrial restructuring

Workers of CRRC Tangshan Co Ltd check the status of a China-standard EMU train at a production line in Shijiazhuang, Hebei province. [Photo/Xinhua] Manufacturing investment will expedite efforts to move up the ladder China’s new manufacturing fund will provide impetus for the nation’s industrial restructuring, and help it better pursue high-quality growth, experts said. The…

Fund to give new impetus to upgrade

A drilling platform designed for polar regions is completed in Yantai, Shandong province. It is supposed to work in Norway’s offshore areas. [Photo by Tang Ke/for China Daily] China has set up the second phase of its national advanced manufacturing investment fund, with a size of 50 billion yuan ($7.12 billion), in order to inject…