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China to set up $9 billion fund for small, medium-sized firms - state radio
September 1, 2015 / 11:03 AM / 2 years ago

China to set up $9 billion fund for small, medium-sized firms - state radio

BEIJING (Reuters) - China’s cabinet said it would set up a 60 billion yuan ($9.4 billion) fund to invest in small- and medium-sized enterprises, state radio reported on Tuesday.

The fund will focus on firms in the early stages of their development, the broadcaster said.

Reporting by Winni Zhou and Nick Heath; Editing by Clarence Fernandez

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