BEIJING, Sept. 21 (Xinhua) –China’s top economic planner announced recently that the fixed assets investment will still be its work emphasis next year, Shanghai Securities News reported on September 19.
According to the National Development and Reform Commission (NDRC), it will continue to release private investment stimulus policies, promote the sustainable development of private investment by further implementing private investment support policies, optimizing private investment environment and advancing PPP projects.
Some experts noted that there are many reasons for the low operation of private investment, including longstanding problems such as high financing difficulty and cost, new problems such as policy coordination insufficiency affecting investment, external reasons such as business environment yet to be optimized, and self reasons such as innovation insufficiency of private enterprises.
The NDRC stated that it will accelerate implementation of investment policies and construction of major projects, further implement private investment policies, release refined policy measures, improve business environment and stimulate private investment vitality in the second half of this year. Also, it will continue to vigorously renovate and popularize the PPP model, drive local governments to liquidize idle assets in multiple PPP ways, accelerate the perfection of pricing and charging standard policies, and establish a mechanism of rational investment return in relevant fields to attract private investment.
China's private fixed assets investment was up 6.9 percent year on year in the first seven months of this year. (Edited by Yang Yifan, yangyifan@xinhua.org)
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