MOSCOW, November 26 (Sputnik) – The Chinese State Council announced Wednesday that the country will ease market access to key industries to further boost investments into the country and ensure economic growth, the state news agency Xinhua reports on Wednesday.
The easing of market access is also aimed at breaking industrial monopolies, reducing market barriers and lowering the access threshold, according to the released State Council guidelines.
The specified industries are ecological and environmental protection, agriculture, water projects, municipal infrastructure, transport, energy infrastructure and grid construction, telecommunications, and public services such as elder care, sports and cultural facilities.
To facilitate easier access to these industries, the government is set to promote public-private partnerships, and to come up with financial incentives such as subsidies and subsidized loans for investors.
The government says it will also innovate credit services, deepen rural finance reforms, encourage the development of equity investment funds and venture capital funds.
