China to ease market access to key sectors
Print Edition
CHINA will further ease market access to key industries in a bid to spur investment through innovating financing and investment regimes, the State Council said yesterday.
The move aims to fully mobilize social investment, maintaining the pivotal role of investment in stabilizing economic growth, said a guideline released by the State Council.
The easing in market access should further break industrial monopolies, reduce market barriers, and lower the access threshold, the guideline said.
Sectors specified include ecological and environmental protection, agriculture, water projects, municipal infrastructure, transport, energy infrastructure and grid construction, telecommunications, as well as public services such as elder care, sports and cultural facilities.
To facilitate easier access to these industries, the government will promote public-private partnerships, and provide financial incentives such as subsidies and subsidized loans for investors.
The government will also enhance credit services, deepen rural finance reforms, and develop equity investment funds and venture capital funds.
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