China urges private funding for 36 projects
The National Development and Reform Commission, China's top economic planning agency, announced a call for private investment in 36 projects totaling 61.4 billion yuan (approximately $9.06 billion), aimed at boosting private sector investments in sectors such as transportation, logistics, energy, and water conservation. The projects include private capital investments of 15.6 billion yuan, directed toward areas like railways, wind power generation, energy storage, and water transfer projects. The commission will facilitate private company participation through communication channels and problem-solving mechanisms, focusing on improving the investment environment and rapidly implementing projects to overcome the decline in fixed asset investment, which decreased by 6.7 percent during the first seven months of the year.
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