China has launched a RMB100 billion (US$15.57 billion) fund to support economic integration and development in the Yangtze River Delta Economic Zone, according to Xinhua News Agency, China’s official state-run press agency. Launched in Shanghai, the Yangtze River Delta Collaborative Advantage Fund is backed by government, state-owned companies, financial institutions and private companies in the Yangtze River Delta area. The fund will invest in “hard technologies,” with a focus on artificial intelligence, smart logistics and biotech. It will cover more …

China Launches $15.6B Fund To Support Yangtze River Delta Economic Zone appeared first on China Money Network.