Private capital gets lift

Source: Xinhua | 2017-03-17

CHINA has announced guidelines to encourage private investment in a wide range of sectors including elder care, education, culture and sports, in a document released by the State Council.

Private capital in these areas plays a stabilizing role, brings new momentum to economic development, promotes economic upgrading and helps coordinate economic and social development, the guidelines said. Curbs on private investment will be eased and procedures for private businesses will be streamlined, it stressed. Private investors will find favorable policies in land use and taxation, and market supervision will be improved.