China to Smash ‘Glass Walls’ to Aid Investors, NDRC Says
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China will smash “glass walls” that are keeping private investors out of state-dominated industries including banking and energy, an economic-planning official said, as authorities try to boost a slowing economy.
Wang Xiaotao, head of the fixed-asset investment department at the National Development and Reform Commission, said China will work to remove excessive red tape and prerequisites, according to a report yesterday by the official Xinhua News Agency.