China is looking for private investors for 4,894 major projects. These projects have a total investment of 5.27 trillion yuan ($717.69 billion). The projects cover areas like urban construction, highways, ports, agriculture, and tourism. This information comes from the National Development and Reform Commission.
China has been taking steps to support private businesses, which have been struggling due to COVID-19 restrictions and regulatory crackdowns. Private companies’ investment in fixed assets decreased by 0.5% in the first seven months of this year, which is larger than the 0.2% decline in the first half.
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