“Political barriers” for private investment will be removed to offer a fair playing field and encourage non-state companies to take part in 165 projects outlined in the country’s 13th five-year plan, said Hu Zucai, vice chairman of China’s National Development and Reform Commission, the government’s top economic planning body.
The remarks follow a government plan announced on August 22 to lower corporate costs and raise profitability. China’s leaders are seeking to rev up faltering fixed-asset investment growth by the private sector to keep this year’s economic expansion target of at least 6.5% in sight.
