English.news.cn 2012-05-24
BEIJING, May 24 (Xinhuanet) -- China has signaled it wants to ramp up private investment in the energy sector. That’s in line with recently unveiled government plans to fast-track infrastructure investment. This is all in a bid to boost the nation’s slowing economy.
According the official Xinhua news agency, the country is drafting guidelines to encourage private investment in the industry with a special focus on the state-controlled electricity, oil and natural gas sectors. Government agencies are backing the drafting of the new rules and are expected to unveil them by June.
Separately, on Monday, China’s top economic planner announced about 100 new projects, mostly in the energy sector.