21:39, 10-Jan-2018
Chinese Economy: 30-bln yuan fund to spur service trade
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Now for a look at China's services sector. The government has set up a 30-billion yuan investment fund to boost service trade growth. The fund was jointly launched by the finance and commerce ministries and China Merchants Capital Management.
The fund aims to solve financing problems for small and medium-sized service trade firms and facilitate service trade exports. The maximum duration of the fund is 15 years. Government capital will account 20 percent of the fund, and the central government will guide social capital to raise the fund. Ten billion yuan in funding has already been raised.