In­fra­struc­ture projects open to for­eign in­vestors

China Daily (Canada) - - NEWSCAPSULE -

China an­nounced 80 ma­jor pub­lic in­fra­struc­ture projects to stem the econ­omy’s slow­down while ex­per­i­ment­ing with wider ac­cess for pri­vate and over­seas in­vestors.

The projects will cover rail­way and har­bor con­struc­tion, new in­fra­struc­ture needed by in­for­ma­tion tech­nol­ogy, ma­jor clean en­ergy projects such as hy­dropower, wind power and pho­to­voltaic power, as well as mod­ern­iza­tion projects in oil and gas and chemical in­dus­tries.

The State Coun­cil said pri­vate in­vest­ment will be en­cour­aged to en­ter fields that are “mo­nop­o­lis­tic in na­ture” or “used to be dom­i­nated by govern­ment in­vest­ment and State-owned en­ter­prises”.

The State Coun­cil also de­cided that oil and gas ex­plo­ration, pub­lic util­i­ties, wa­ter re­sources projects and air­port con­struc­tion will be the next to open to pri­vate­sec­tor in­vest­ment.

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