China launches $52.5 billion fund to restructure state enterprises

``China has launched a 350 billion yuan ($52.5 billion) state enterprise restructuring fund to advance its 'supply-side' reforms as the world's second-largest economy undergoes its most significant transformation in two decades... The capital raised by the China State-owned Enterprises Restructuring Fund will focus on boosting the competitiveness of some SOEs and their international operations, including overseas acquisitions, the State-owned Assets Supervision and Administration Commission (SASAC), which will manage the fund, said in a document.''