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China says will guide
private capital into higher growth areas
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[October 21, 2017]
BEIJING (Reuters) - China
will introduce measures aimed at guiding private
investment into areas that have a higher growth
potential, a senior official with the state planning
agency said on Saturday. |
Employees work at a production line inside a factory of
Saic GM Wuling, in Liuzhou, Guangxi Zhuang Autonomous
Region, China, June 19, 2016. REUTERS/Norihiko Shirouzu |
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China also would take steps to lower the investment threshold
for private investors, said Zhang Yong, the vice-head of the
National Development and Reform Commission (NDRC), during a
briefing on the sidelines of China's Communist Party Congress.
The manufacturing industry as well as the property market, which
have been driving private investment, are now quite weak, Zhang
said.
"Now we want to attract investment in sectors with growth
potential such as subway projects."
(Reporting by Kevin Yao and Meng Meng; Writing by David Stanway;
Editing by Kim Coghill)
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