MNI Policy: China to Boost Private Inv't, Demand: NDRC

China will support private investment including improved access to capital raising and participation in public health projects as part of economic recovery measures for the second half of 2020, Ning Jizhe, a vice chairman of the National Development and Reform Commission, told the official People's Daily.

The government would adhere to Chairman Xi Jinping's guidance and remove barriers and red tape for investment as a measure to stem the decline in private capital seen in H1, Ning told the Daily.

The government will also increase domestic demand by expanding public spending on health services, emergency goods, transportation and energy, and foster urban renewal and rural development.

Ning also reiterated the government's commitments to ensuring employment, as well as more proactive fiscal and flexible monetary policies.