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Chinese authorities said they will earmark a 10 billion yuan ($1.5 billion) special fund to support the country’s “Made in China 2025” initiative www.airforce1shoesale.com , the Xinhua-run Economic Information Daily reported on Oct. 12.


The money will be used to boost innovation in the manufacturing sector, strengthen industrial chain coordination, build a generic technology services platform, and carry out an insurance program for the application of new materials nike air force 1 shoes sale , the Ministry of Industry and Information Technology (MIIT) said in a recent notice.


An estimated 25 projects will be financially supported, including Internet of Things, new materials, smart appliances nike air force 1 sale , high-end consumer electronics, industrial information, and security control and infant formula quality control, the MIIT disclosed.


Each project will get from 30 to 50 million yuan of financial support air force 1 shoes sale , industry authorities said, and key projects will receive over 100 million yuan for development. Industry and information technology departments at all levels across the country have unveiled plans to offer financial assistance to key projects in their provinces.


For instance, starting from last year, Guangdong has invested over one billion yuan into robotics air force 1 sale , rail transportation, biomedicine, integrated circuits, and intelligent equipment.


The MIIT has signed an agreement with the National Development Bank (NDB) to aid pilot projects that are preferred by the market. The NDB has pledged that it will offer no less than 300 billion yuan of financial support to the “Made in China 2025” initiative from 2016 to 2020.


Many enterprises have started to apply for the fund. A person in charge of an integrated circuit company said that the financial support from the Central and local governments will help them attain technical achievements and promote industrialization.


BUCHAREST Men's Nike Air Force 1 Flyknit Low Grey Sale , Oct. 17 (Xinhua) -- The three new members of Romania's reshuffled cabinet took the oath of office Tuesday before President Klaus Iohannis in a ceremony at Cotroceni Presidential Palace.


Earlier, Iohannis signed the decrees appointing Paul Stanescu as Deputy Prime Minister and Minister of Regional Development, Public Administration and European Funds; Felix Stroe as Minister of Transport; and Marius Nica as Minister-delegate for European Funds.


The ceremony was attended by Prime Minister Mihai Tudose, Deputy Prime Minister Marcel Ciolacu Men's Nike Air Force 1 Flyknit Low Red Sale , two MPs, as well as presidential adviser Cosmin Marinescu.


Iohannis did not speak as usual at the end of the ceremony.

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