CHINA TOPIX

China's State-Owned Giants to Launch $1.8B Fund to Fight Poverty

Charissa Echavez   |

Oct 18, 2016 07:30 AM EDT

A group of 51 Chinese enterprises run by the central government has initiated a 12.2 billion yuan ($1.83 billion) fund to invest in the country's poorest region, as part of a state plan to utilize market forces to help eradicate poverty, Reuters reported.