Logo 01 Aug 2023

Whip it, whip it good

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Beijing has been asking state-owned enterprises (SOEs) to invest more in tech.  

Now, the government is ponying up the cash to make that happen.

On Friday, the China Structural Reform Fund (CSRF) set up a RMB 31.5 billion fund to bankroll tech innovation at SOEs.
Some context: Xi Jinping...