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Private money to boost public sector

By Qin Zhongwei (chinadaily.com.cn)
Updated: 2009-06-30 16:41

Private capital is expected to play a major role in boosting the economy in light of the government’s 4 trillion yuan stimulus plan unveiled earlier this year, according to the 21st Century Business Herald.

Related readings:  Stimulus package to hit 487b yuan  Beijing: stimulus plan distorted as Buy China  Stimulus funding is flowing toward sewage upgrades  Experts call for stimulus package for social welfare

A list currently being developed by the National Development and Reform Commission (NDRC) says that privately owned enterprises are expected to increase their investment in the infrastructure, financial services, and some monopolized sectors.

At the same time, the NDRC also plans to offer a series of favorable policies to encourage and promote the use of private money.