China opens up infrastructure to private capital

Beijing’s move to allow private capital investment in infrastructure projects underscores its determination to prop up growth.

The decision by China’s State Council to allow private capital investment in infrastructure is another reform designed to spur the country's slowing growth.

China's government will roll out 80 major projects in infrastructure areas to private sector players, according to a statement announced after a State Council meeting on Wednesday, hosted by Premier Li Keqiang.

The projects, all in sectors that were previously dominated by state-owned enterprises, range from railway, port construction, IT infrastructure and clean energy projects such as hydro-electricity, wind-power and photovoltaic power, oil and gas pipelines and storage facilities, to coal chemical and petrochemical industries.

All projects will be open to...

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