China’s National Development and Reform Commission (NDRC), China’s top economic planner, issued a document in early November, proposing 21 measures to encourage private investment.
The document says that private investment accounts for more than half of total investment, and that giving more incentives to investors will increase employment and stabilize market expectations.
The document identifies 102 projects from the 14th Five Year Plan (2021-2025) which focus on urban infrastructure, green energy and rural revitalization as areas to encourage investment, as well as the platform economy and other high-tech sectors.
Local governments should guide private investment into high-end development, support manufacturing investment for industrial upgrading and encourage innovation. The NDRC encourages local governments to attract private investment with existing resources, such as rebuilding old communities and old urban facilities. Local authorities should create a good investment environment by improving government credit, increasing loans for private enterprises, protecting their interests and preventing reckless expansion.
Old Version
