Infrastructure projects open to foreign investors
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.