STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Julie Zhu, Kevin Huang, Yelin Mo and Roxanne Liu
Its target of 300 billion yuan outdoes similar funds in 2014 and 2019, which according to government reports, raised 138.7 billion yuan and 200 billion yuan respectively. In October, the U.S. rolled out a sweeping sanctions package that cut China's access to advanced chipmaking equipment and U.S. allies Japan and the Netherlands have taken similar steps.China's finance ministry is planning to contribute 60 billion yuan, said one person. Other contributors could not be immediately learned.
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