China is seeking private investment in thousands of projects worth a total of 3.2 trillion yuan ($445 billion) in Beijing’s latest efforts to revive the faltering economy.
The National Development and Reform Commission has compiled a list of more than 2,900 projects from local governments that private investors can participate in, Luo Guosan, head of the NDRC’s investment department, told reporters on Monday. The NDRC also promised to improve funding support for the projects.
Among the key sectors it’s targeting for private investment are transportation, water conservation, clean energy, new infrastructures, advanced manufacturing and modern agricultural facilities. The NDRC, the nation’s main economic planning agency, will soon launch a platform where investors can access information about the recommend projects, Luo said.
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