China's Ministry of Transport (MOT) will accelerate pilot of public-private-partnership (PPP) model in a bid to expand financing channels amid the new round of China fiscal and taxation reforms, vice minister Feng Zhenglin said at a meeting last Friday, quoted by the Xinhua-run cnstock.com.
Feng pointed out China has launched a series measures to boost investment, including expanding government investment, lowering proportion limit on fixed assets in investment capital, issuing special bonds for certain projects, lowering interest rates and reserve requirement ratio, simplifying approval process and easing land using policy.
Fend said the ministry will take efforts to construct an investment and financing mechanism for the industry that is in line with China's fiscal and taxation reforms.
Latest comments