Efforts to boost social investment
Print Edition
PREMIER Li Keqiang has urged efforts to boost social (private and mixed-owned) investment by “removing obstacles, improving the environment and expanding room for development.”
Boosting effective investment will help promote consumption and create jobs, Li said at a national conference on social investment on Monday, according to an official statement released yesterday.
The government should guide social investment to “weak areas,” including infrastructure, public services and emerging sectors, and prevent the flow of funds to industries with too much capacity or high levels of pollution.
The government should continue to streamline administration, overhaul market rules and optimize services, said Li.
Authorities will widen market access for social investment and eliminate discrimination. They will lower taxes, cut fees and reduce financing costs for enterprises.
Li also asked governments to repay their debts to companies.
China will improve and promote public-private partnership, which is long-term cooperation between governments and private companies on projects, which are mainly funded and operated by the companies and supervised by governments.
PPP will continue to be used in infrastructure construction and will also be introduced in education, medical treatment and elder care.
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