More sec­tors open for pri­vate cap­i­tal: re­port

Global Times - - Bizupdate -

China is to fur­ther open more sec­tors in­clud­ing rail and telecom­mu­ni­ca­tions to pri­vate in­vest­ment in 2018, as part of a broader push to cre­ate a fa­vor­able en­vi­ron­ment for the pri­vate sec­tor, the Eco­nomic In­for­ma­tion Daily re­ported on Tues­day.

The gov­ern­ment is look­ing to bring in pri­vate cap­i­tal for projects in these sec­tors, which is a ma­jor step for­ward in poli­cies is­sued by the Na­tional De­vel­op­ment and Re­form Com­mis­sion (NDRC), the na­tion’s top eco­nomic plan­ner, the news­pa­per re­ported, cit­ing “rel­e­vant” gov­ern­ment agen­cies.

The re­port did not dis­close de­tails of how many projects or how much pri­vate in­vest­ment the gov­ern­ment is seek­ing.

The NDRC is­sued a pol­icy in De­cem­ber 2016 stat­ing that pri­vate in­vest­ment into health­care, el­derly care, gaso­line and gas and sev­eral other sec­tors would be “treated equally,” the re­port noted.

In 2017, to­tal in­vest­ment from the na­tion’s pri­vate sec­tor reached 38 tril­lion yuan, in­creas­ing 6 per­cent year-on-year, the re­port said.

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