Nongovernmental investment to win key support from Chinese government

Nongovernmental economy and investment will win key support from the central government, according to the current investment system reform, said Jiang Weixin, vice minister in charge of the State Development and Reform Commission.

The newly issued decision on investment system reform encouraged nongovernmental investment and allowed it to enter infrastructure areas.

Jiang said here Wednesday at a press conference, the large-scale investment and the rapid growth of investment is an important aspect of current economic macro-control. The new

regulation gave more rights to companies on investment decision making, however, it also contained contents to strengthen the economic macro-control, including the measures to restrain investment scale inflation.

Jiang said, generally speaking, the new decision will not have much negative influence because it coincided with the nation's current economic macro-control. While in real implementation period, it may cause little negative influence due to the lack of self-restriction system of Chinese companies.

He stressed the Chinese government has confidence and ability to solve the problem during implementation period when dealing with the future situation of economic development.

Source: Xinhua