China encourages private firms to participate in key supply chain projects

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China encourages private firms to participate in key supply chain projects
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BEIJING : China will speed up the process to allow private firms to access infrastructure of major national scientific research projects and will encourage private businesses to participate in key supply chain projects, a state planner spokesperson said on Friday.Private fixed-asset investment shrank 0.1

BEIJING : China will speed up the process to allow private firms to access infrastructure of major national scientific research projects and will encourage private businesses to participate in key supply chain projects, a state planner spokesperson said on Friday.

Private fixed-asset investment shrank 0.1 per cent in the first five months of the year, a sharp contrast to the 8.4 per cent growth in investment by state entities, official data showed on Thursday, indicating weak business confidence.

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