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China tech

China invests in security industry with $7bn fund

State-owned China Reform Holdings and ministry tout 'sunrise sector'

Surveillance cameras on display at the annual Huawei Connect event in Shanghai, Sept. 18, 2019 (REUTERS/Aly Song).   © Reuters

SHANGHAI -- State-owned China Reform Holdings Corporation has teamed up with the country's ministry of industry and information technology to set up a 50 billion yuan ($7 billion) investment fund to facilitate the development of the security industry.

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