CCTV9英语新闻:China to open 8 state industries for investment

China’s government says it will open 80 projects in eight state-run industries to private and foreign investors, as part of efforts to make its slowing economy more productive.

The announcement is the latest in a series of policy changes aimed at carrying out a government pledge in November, to give entrepreneurs and foreign investors a bigger role in the state-dominated economy. 

The newly opened projects include transport infrastructure building such as railways and port, new generation of information infrastructure, clean energy projects such as water and wind power, and natural gas storage and oil and gas pipelines network. The government also says the next round of industry opening will extend to oil and gas exploration, utilities, water and airports. Experts say it will have a positive impact on stabilizing economic growth, enhancing market vitality and improving infrastructure construction.