China has made an announcement to invest $21 billion in order to transform and upgrade its manufacturing sector. As per the reports of the Shanghai Securities News, a $21 billion national investment fund is allocated to invest in both growth-stage and mature companies in different areas such as new materials, next-generation information technology (IT) and power equipment.
Zhang Yuzhe, a researcher at the National Development and Reform Commission (NDRC), has said that the new fund will be distributed to the entire manufacturing industry in order to transform it for better growth. Due to the various reforms and policies initiated by the Chinese government, it has become possible to ensure the development of different sectors in the country at an excellent rate.
China is the second-largest economy in the world and it has been attracting a high number of investors by ensuring favorable business conditions inside the country. Different companies in various sectors have been investing their money in different sectors in order to achieve their desired objectives in a limited amount of time. Young entrepreneurs have been investing in the manufacturing sector of China because of the chances of the high growth in this sector.
The online platform ChinaFund.com has been making available all the necessary information regarding investment in different sectors in China. And people have been visiting this platform in order to invest their money in different areas in China. The investment fund for the manufacturing industry has been set up by 20 stakeholders and the Ministry of Finance holds a 15.29 percent stake, which simply accounts for the biggest stakeholder.