China Inc invest $400bn in the One Belt One Road initiative

China’s three biggest state-owned banks provided a total of $225.4 billion (1.56 trillion yuan) in credits by the end of 2016 for projects in countries participating in President Xi Jinping’s One Belt, One Road initiative.

 

Boeing opens first international plant abroad in China

Construction of Boeing’s first overseas facility as part of its 737 production system started yesterday in Zhoushan, a port city in Zhejiang Province. The construction will consist of two parts — a Boeing 737 completion center and a delivery center.

 

Government sets up a new Venture Capital US$2.6bn fund for new sectors

China has launched a new national venture capital fund that will back up startup companies in new sectors of strategic importance, the Xinhua reported.

The new fund has raised a total of 17.8 billion yuan ($2.6 billion) and was set up by the Ministry of Finance, the National Development and Reform Commission and the State Development & Investment Corp (SDIC), among others.

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