-
Advertorial
-
FOCUS
-
Guide
-
Lifestyle
-
Tech and Vogue
-
TechandScience
-
CHTF Special
-
Nanhan
-
Futian Today
-
Hit Bravo
-
Special Report
-
Junior Journalist Program
-
World Economy
-
Opinion
-
Diversions
-
Hotels
-
Movies
-
People
-
Person of the week
-
Weekend
-
Photo Highlights
-
Currency Focus
-
Kaleidoscope
-
Tech and Science
-
News Picks
-
Yes Teens
-
Fun
-
Budding Writers
-
Campus
-
Glamour
-
News
-
Digital Paper
-
Food drink
-
Majors_Forum
-
Speak Shenzhen
-
Business_Markets
-
Shopping
-
Travel
-
Restaurants
-
Hotels
-
Investment
-
Yearend Review
-
In depth
-
Leisure Highlights
-
Sports
-
World
-
QINGDAO TODAY
-
Entertainment
-
Business
-
Markets
-
Culture
-
China
-
Shenzhen
-
Important news
在线翻译:
szdaily -> Business
Govt. vows to boost private investment
    2017-August-21  08:53    Shenzhen Daily

THE government will take more steps to boost private investment, China’s top economic planner said Friday, as policymakers seek to keep growth steady while reducing the economy’s reliance on State spending.

A sharp slowdown in private investment last year forced China to rely more heavily on fiscal spending and investment by heavily indebted State firms to hit its growth target.

“Expanding private investment and strengthening private economy is an important foundation for ensuring stable, healthy and sustainable development of China’s economy,” said Meng Wei, a spokeswomen for the National Development and Reform Commission (NDRC).

The government will simplify investment approval procedures for private firms and ensure “reasonable returns” in public-private partnership (PPP) projects to lure private investment in infrastructure and public utility projects, she said.

Financial institutions will be banned from attaching conditions when they make loans to private firms, while local governments will be encouraged to set up funds to help private firms hedge credit risks, Meng added.

The NDRC said it approved 165.5 billion yuan (US$24.80 billion) of fixed-asset investment projects in July, the highest since December.

Data released by the National Bureau of Statistics showed fixed-asset investment grew 8.3 percent in the first seven months from a year earlier, cooling from 8.6 percent in the first half.

Annual growth of private investment slowed to 6.9 percent in January-July from 7.2 percent in the first half.

The government kept its budget deficit target at 3 percent of gross domestic product this year — the same as in 2016 — as policymakers look to a recovery in private investment to drive growth.(SD-Agencies)

 

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn