Chinese Province Pledges Billions To Drive Tech, Innovation

www.oann.com | 11/14/2018 | Staff
just-me (Posted by) Level 3
SHANGHAI (Reuters) – China’s coastal province of Zhejiang, home to e-commerce giant Alibaba , has pledged more than $17 billion to drive the tech industry and innovation in the coming five years, the state news agency Xinhua reported.

The plan comes at a time when central and local governments around China are taking increasing steps to boost the struggling private sector and enhance the competitiveness of the country’s home-grown technology firms.

Xinhua - Zhejiang - Provincial - Governments - Yuan

Xinhua said Zhejiang’s provincial, municipal and county-level governments would spend 120 billion yuan ($17.5 billion) in the next five years to “boost up high-tech and internet companies as well...
(Excerpt) Read more at: www.oann.com
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!