.contact us |.about us

Highlights ... ...
Search:
    Advertisement
Plan to tap private funds
( 2003-07-08 10:29) (China Daily HK Edition)

China is drafting a comprehensive regulation to reform the investment process to allow more private funds into the State-controlled economic sectors.

The draft is now being finalized, an official with the Policy and Regulation Department of the State Development and Reform Commission (SDRC) told China Daily yesterday, adding that it was too early to reveal details. Insiders, however, predicted the new rules could be announced as early as the end of the year.

The essence of the reform is to make better use of private funds and domestic savings to fuel economic reform through smoother channels of investment, financing and withdrawal.

Investors, no matter they are State-owned, private or foreign, will also be ensured of a role in project construction, operation and management.

Liu Huiyong, vice-president of the China Investment Society, said the reform is moving in a positive direction. The policy, which aims to stimulate social investment, is expected to contribute 8 trillion yuan (US$966 billion) to China's gross domestic product in 20 years, Liu predicted.

Market sources have estimated that there are about 12 trillion yuan (US$1.4 trillion) of idle private funds in China - ironic, when many enterprises are crying for funding yet often cannot get it from banks or other financial institutions.

Government officials have also realized the flaws in the current investment and financing system.

"China is not really short of funds," said Wu Xiaoling, vice-governor of the central bank. "The key is efficiency of fund application. Irrational allocation of the resources is a fundamental cause for the poor efficiency in fund usage."

Experts have been calling for repositioning public finances in the overall economy and offer more incentives for private investors in less-sensitive and more-profitable sectors.

Ma Kai, director of SDRC, said in May that the government would make more room for other investors, including foreign investors.

Ma said the State would encourage social investment in operational projects, or projects that are profit-oriented, and focus government investment on resource-type projects.

Private investors are expected to have more opportunities to invest in the water, transportation, power, environmental protection and entertainment industries, said an SDRC official who has participated in drafting the new investment rules.

   
Close  
  Go to Another Section  
     
 
 
     
  Article Tools  
     
  E-Mail This Article
Print Friendly Format
 
     
   
        .contact us |.about us
  Copyright By chinadaily.com.cn. All rights reserved  
主站蜘蛛池模板: 欧美裸体xxxx极品少妇| 久久久2019精品| 香蕉污视频在线观看| 国产精品麻豆va在线播放| jizz国产丝袜18老师美女| 成全动漫视频在线观看免费播放| 久久精品国产色蜜蜜麻豆| 欧美伊人久久大香线蕉综合| 国产亚洲午夜高清国产拍精品 | 视频免费在线观看| 天堂成人在线观看| 中文字幕一区二区三区人妻少妇 | 老司机久久影院| 国产在线精品一区二区中文| 手机看片国产在线| 国产黄色大片网站| a级毛片在线观看| 宅男噜噜噜66| 一级特级女人18毛片免费视频| 无码AV中文一区二区三区| 亚洲日韩精品无码一区二区三区| 男女污污视频在线观看| 午夜毛片不卡免费观看视频| 色综合天天综合网国产成人网| 国产国语一级毛片| 黄色大片网站在线观看| 国产欧美日韩综合精品一区二区| yw193.c国产在线观看| 最近免费韩国电影hd无吗高清| 亚洲欧洲精品成人久久曰影片 | chinesektv直男少爷| 好男人社区www在线观看高清| 两个人看的www免费高清| 成年人性生活免费视频| 久久99国产精品久久99果冻传媒| 日本乱码一卡二卡三卡永久| 亚洲国产精品久久久久秋霞小 | 伊人久久精品午夜| 男人的天堂免费a级毛片无码| 免费一级欧美大片视频在线| 麻豆一区区三三四区产品麻豆 |