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More private investment encouraged in China

02-22-2012 10:00 BJT

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China's top economic planner is looking to encourage more private investment.

The National Development and Reform Commission held a meeting today (Tuesday) to formulate guidelines to support private investment. At the meeting, Zhang Ping, head of the NDRC, reported that progress had been made, but said it wasn't enough. He stressed its importance and urgency to attract such money. Relevant departments are required to have a timetable to produce their plans to make it easier and more efficient for their industries to receive private funds. The State Council says the guidelines should come out in the first half of 2012.

 

 

Editor:Bai Yang |Source: CNTV.CN

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