China launches venture capital funds to invest in 'hard technology', state media report
Published on: Dec. 26, 2025, 7:44 a.m. | Source: The Economic Times
China has created three new state-backed venture funds to support hard technology industries. Each fund exceeds 50 billion yuan, focusing on areas like semiconductors rather than online services, aiming to strengthen domestic innovation and long-term industrial capability for future growth.
