USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Industries

Key manufacturing projects to get funding assistance

By Ma Si | chinadaily.com.cn | Updated: 2017-05-17 16:14

More effort will be made to raise funds for key manufacturing projects, after China made a series of breakthroughs in equipment development for aviation and other sectors, a senior official at the Ministry of Industry and Information Technology said.

In an exclusive interview with China Daily, MIIT planning department director Luo Wen said: "We will build a platform for cooperation among government institutions, banks and enterprises, on which we will recommend key projects to banking institutions."

Luo said that the China Development Bank, State Development and Investment Corp, Industrial and Commercial Bank of China, and China CITIC Bank are all on the list of financing partners.

The move is part of MIIT's broad efforts to promote investment in the manufacturing sector, which China aims to upgrade with cutting-edge technologies such as robotics and big data.

The world's second largest economy wants to tackle bottlenecks in 10 sectors including machinery manufacturing, railway, aviation and aerospace.

"Equipment is the core of the manufacturing industry. We will ramp up resources to focus on a group of projects which have good foundations so that breakthroughs are likely to be accomplished within two to three years," Luo said.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US