China to Encourage Private Investment in Major Water Projects
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China, which boosted its water investment budget by 7 percent this year, plans to use financial enticements to attract private capital to major water projects.
The nation will encourage investment by allowing private investors to buy special licenses or take stakes in water projects, Zhang Minglun, deputy head of the investment division under the National Development and Reform Commission, said today at a briefing in Beijing, according to a transcript posted on the website of China.com.cn.