Chinese Government Working On Economic Integration in Yangtze

Forex News

Chinese state news agency Xinhua reported that China set a fund to secure economic integration and coordination in the Yangtze river delta region, worth of 15.58 billion dollars (100 billion yuan). The Yangtze River Delta Collaborative Advantage Fund was launched in Shanghai and supported by central government-run enterprises, financial institutions and by many regional state-owned and private companies.

In the first stage of the program, a 10 billion yuan would be open for a "hard technology" projects. Authorities in the Yangtze delta (Shanghai, the manufacturing hubs of Jiangsu and Zhejiang and Anhui province) are working on boosting a cross-boundary economic coordination.