Private capital to be encouraged
Source: Shanghai Daily |
March 6, 2014, Thursday
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Print Edition
Print Edition
China will speed up development of a mixed-ownership economy by allowing private capital into more state projects. It will be allowed in a number of projects in areas such as banking, oil, electricity, railways, telecommunications, resources development and public utilities. The government pledged to reform the railway investment and financing system, and to open competitive operations in more areas to encourage the full participation of private capital.
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