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China planning massive innovation for state-operated companies

China’s Communist Party has launched one of the most ambitious private equity funds, focused on restructuring and reforming the party’s State-owned enterprises (SOE). The party is looking to spend 350 billion yuan ($52.5 billion) on the reform project, which will be used to pay for mergers, acquisitions, industrial upgrades, and “innovation.” See Also: Worn in... Read more » The post China planning massive innovation for state-operated companies appeared first on ReadWrite.
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