More pri­vate sec­tor in­vest­ment al­lowed

China Daily (USA) - - BUSINESS -

China will al­low more in­vest­ment from pri­vate and non­govern­ment com­pa­nies to im­prove con­sumer goods, boost sup­ply and­make the ter­tiary sec­tor anew­growth driver, an of­fi­cial with the na­tion’s top eco­nomic plan­ner onTues­day. “With its huge con­sump­tion po­ten­tial, China needs to im­prove in­sti­tu­tional mech­a­nisms and the­mar­ket en­vi­ron­ment to in­crease so­cial cap­i­tal in up­grad­ing con­sumer goods and in­creas­ing sup­ply,” Zhao Li­dong, anof­fi­cial with theNa­tional Development and Re­form Com­mis­sion, said at anews con­fer­ence.

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