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Li encourages private capital to participate in State-owned joint ventures

By Yu Ran in Shanghai | China Daily | Updated: 2014-03-06 07:18

A mixed-ownership economy will be encouraged by allowing non-State capital to invest in State projects in the oil, railway and telecom sectors, according to a government work report delivered by Premier Li Keqiang on Wednesday.

"We will formulate measures for non-State capital to participate in investment projects of central government enterprises," Li said at the opening of the annual session of the National People's Congress.

Non-State capital will be allowed to participate in projects in areas such as banking, oil, electricity, railways, telecommunications, resource development and public utilities, the report said.

Li encourages private capital to participate in State-owned joint ventures

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