SHANGHAI (Reuters) - A group of 51 enterprises run by the Chinese central government has launched a 12.2 billion yuan (£1.49 billion) fund to invest in the country's poorest regions, as part of China's strategic plan to use market forces in the fight against poverty.
Firms like the Three Gorges Project Corporation, the State Grid Corporation and the State Development and Investment Corporation will gradually increase the fund to 100 billion yuan, the State-Owned Assets Supervision and Administration Commission (SASAC) said on Monday on its website (http://www.sasac.gov.cn).
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