China Opens State-Dominated Sectors Wider to Private Investments

China Opens State-Dominated Sectors Wider to Private Investments

China is further opening up several major state-dominated industries to private capital by raising the ownership limit and removing some investment barriers.

China’s cabinet — the State Council — has unveiled a package of 13 measures to promote private investment, in an effort to revive a sector that’s struggled against the backdrop of sluggish demand at home and rising tensions over foreign trade.

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