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China to push private investment in public industries

China to push private investment in public industries article image

Chinese state-controlled industries such as railways, oil and power generation may soon accept private investment in a bid to boost efficiency and growth. The Chinese government has indicated they will "speed up research into encouraging private investment" for areas deemed key to national security. Accepting private investment will also counter monopolies in various industries. A statement issued by the National Development and Reform Commission in China noted government concerns over structural problems affected by global recession that required fundamental reforms. However, it did not indicate if foreign investment would be allowed, or when the proposal might come into effect.

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