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China: Private Funds in Public Utilities
Source: shanghaidaily.com
Source Date: Saturday, June 16, 2012
Focus: Institution and HR Management
Country: China
Created: Jun 19, 2012

CHINA yesterday issued detailed rules to promote private investment in public utilities, such gas, water, garbage processing, and construction of urban roads and car parks.

The monopolies existing in these sectors should be broken up and private capital should enjoy the same preferential policies granted to state-owned investors, the Ministry of Housing and Urban-Rural Development said in a statement.

The statement was the among the latest moves encouraging private investment in state-dominated sectors as China strives to boost its economy with funding from outside the banks.
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