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China promises brighter prospect for private investment

On July 26th, China´s Cabinet further expanded on responsibilities regarding the promotion of private investment for government departments and local authorities. The State Council´s move followed the nation´s first draft in mid-May encouraging private investment in a new range of sectors. Officials say the next step is to nail down detailed enforcement measures.

Series I
How do private firms strive to get foot in the door in state-controlled sectors?

How do private firms strive to get foot in the door in state-controlled sectors?

The new policy aims to open wider the doors to more sectors for private capital. But this range of industries has been traditionally dominated by state-owned companies. So entering is much easier said than done.
Solutions:
1. Cooperate with state-owned companies
2. Form regional business communities

Series II
How to expand financial channels for private companies?

How to expand financial channels for private companies?

Despite huge amounts of private capital eager for investment, many private enterprises are struggling against a capital shortage. How does this happen? What are possible solutions?

Solutions:
1. Set up more smaller financial institutions

Series III
Private firms need transformation to survive

Private firms need transformation to survive

In this installment, we look at how private enterprises might take advantage of opportunities arising from the new policy.


Solutions:
1. Product upgrades and innovation
2. Create its own branding

Expert's Voice
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How significant is the timing to encourage private investment?

What have been the major obstacles for private investment?

--By professor Xiang Songzuo

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"Government can promote private investment injected into affordable housing construction, by putting in leading capital and providing plans and policies."

--By Jia Kang, Director of MOF Institute of Fiscal Science Research

Sun Lijian, Vice Dean of Fudan University School of Economics

"Promoting private investment will encourage competition. This will help the structural imbalance caused by monopolies, making the economic structure more balanced."

Zuo Xiaolei, Chief Economist of Galaxy Securities

"Loosening policies on private investment is an important change. Before, some industries had very high barriers for private investment. But now it´s been lowered and the openness of private investment will help contribute to economic growth."

About

What is private investment?

Private investment differs from state-owned investment and foreign investment, and refers to investment from private economy.

Highlights of new policy on private investment

1. Private investment is allowed to enter fundamental industry and infrastructure field.
2. Private investment is allowed to establish financial institutions...
3. Private companies are encouraged to merge.
4. Private investment is allowed to enter the field of public affairs...

CNPC seeks coop. with private firms

CNPC seeks to attract private capital in int´l natural resource exploration, oil refining, oil sales, and construction of pipelines and facilities.

Dialogue Special
<h5> China encourages private investment</h5>
China encourages private investment

Discussion:

1: What are the prospects for private capital to enter state-run industries?
2: How will China´s economic landscape be reshaped?
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