China to invest $140 billion in robotics and high-tech innovation over 20 years
China’s National Development and Reform Commission plans to set up a state-backed venture capital fund focused on robotics, AI and cutting-edge innovation. The long-term fund is expected to attract nearly 1 trillion yuan (approximately $140 billion) in capital from local governments and the private sector over 20 years. This initiative aims to continue China’s technology-driven…