The government will soon announce a.....>

CHINA PRESS: The government will soon announce a series of new policies aimed at

improving private investment in China, the Economic Information Daily reported

Thursday, citing sources at the National Development and Reform Commission, the

nation's planning agency. The report noted local governments will also issue

similar policies. The policies would remove barriers on private investment,

expand private investment in large-scale infrastructure projects, as well as

direct private investment to industries with a favorable outlook, the newspaper

said. The report also noted private investment is important for the advancement

of China's economy -- private investment grew 6% in the first three quarters of

this year, 3.5 percentage points higher than the same period a year ago.

(Economic Information Daily)