China plans to boost Private Investment in Energy and other Infrastructure
China signaled on Wednesday it wanted to ramp up private investment in its energy sector, in line with recently unveiled government plans to fast-track infrastructure investment to help combat a protracted economic slowdown.That followed the announced plan to allow private investment into the vast railway sector, which is struggling with mounting debts and a corruption scandal while attempting to resolve infrastructure bottlenecks.
Allowing private firms to pour money into the railways, banking, energy and healthcare sectors will give a boost to the world's second-largest economy as the government shuns fresh fiscal stimulus.
The moves seem to be designed to avoid stimulus that would increase imbalanced investment and attempt to make more efficient investments.
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