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Controls to ease to boost private funds

CHINA will ease government controls this year to stimulate private-sector investment amid an economic slowdown, the top economic planner said in an online statement yesterday.

The government would narrow the scope of projects requiring approval "by the maximum extent," the National Development and Reform Commission said in its 2009 plan on deepening economic reforms. It said the plan had been approved by the State Council, China's Cabinet. The power of approval will also be transferred to lower government levels to spur private investment.


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