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Shanghai's state-owned enterprises to invest RMB 300 bln in Lin-gang Special Area
Shanghai's authorities recently outlined a three-year action plan (2020-2022) calling for state-owned enterprises to invest 300 billion yuan in the Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone (FTZ), in an effort to boost the development of the area, reported the Xinhua-run cs.com.cn Wednesday.
State firms partner on car rental service
Two Chinese State-owned firms joined hands on Friday to offer smartphone-based car-rental services, in a move to tap into the country's booming transportation market.
Update: China sets up 30 bln-dollar state venture capital fund
China launched a 200 billion-yuan (30 billion-U.S. dollar) state-controlled venture capital fund on Thursday to support innovation and upgrading in centrally-administered state firms.
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