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Xinhua Silk Road
Policy

Dev. fund for Beijing’s life service industry invests RMB287mln to 12 private enterprises

December 03, 2018


Abstract : Since 2017, the development fund for Beijing’s life service industry has injected 287 million yuan into 12 private enterprises.

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BEIJING, Dec. 3 (Xinhua)-- Since 2017, the development fund for Beijing’s life service industry has injected 287 million yuan into 12 private enterprises.

In recent years, Beijing municipality has set up development funds covering the fields of life service, agricultural products’ circulation, and foreign economic and trade development to support the development of private enterprises.

Among them, the guidance fund of foreign trade economic and trade development has invested to five private enterprises with values of 220 million yuan.

In 2018, Beijing has continued to inject support funds worth 55 million yuan intothe sectors of public service platform construction, standardization of typical demonstration projects, improvement of convenience business outlets, preservation of homework services during the Spring Festival, and improvement of job skills.

It is estimated that the municipality will subsidze 15 private enterprises with an estimated 200 million yuan to set up 47 vegetable retail outlets by the end of 2018. (Edited by Ma Xin, maxin11@xinhua.org)

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Keyword: development fund

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