China issues guidelines on boosting private investment in manufacturing sector

BEIJING (Reuters) – China’s industry ministry issued guidelines on Monday aimed at boosting private investment in the manufacturing sector, including stepping up fiscal support.

China will support private firms’ fundraising efforts through products such as corporate bonds and asset-backed securities, according to a statement posted on the industry ministry’s weibo account.

The ministry also said that China will encourage private firms to invest in overseas infrastructure projects such as high-speed trains and solar energy products.

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