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NDRC experts: New investment guideline feasible

05-14-2010 10:48 BJT

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Experts with the National Reform and Development Commission says the State's Council's new guideline is feasible and will boost investment from private sectors.

Director of NDRC investment research institute, Luo Yunyi, says the first document aiming to encourage private investment issued by the State Council is a significant step.

Luo said, "The 4-trillion-stimulus plan has sparked argument about the advancement of state-run enterprises and setback of private sectors. Some entrepreneurs feared that the central government may no longer support the development of private sectors. With the issuance of the policies, these fears faded away."

Experts say the new guideline is a continuation of the past policies. It defines government investment fields, giving more space for private investment.

Luo also said, "The guideline has defined industrial access in detail, which makes it easier for local governments to apply it."

By widening fields for private investment, the guidelines will boost the sound development of private enterprises as the world recovers from the global financial crisis.

Editor:Zhang Jingya |Source:

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