On Oct 12, 2016, the National Development and Reform Commission (NDRC) released the policy document, which contains 26 measures aimed at promoting investment growth, improving financial services, reducing corporate costs and updating administrative services.The government will further relax market access to private capital and encourage investment in civil airports, telecommunications, oil and gas exploration, electricity, as well as national defense technology. It will also facilitate private capital's participation in the social service sector, expand the public-private partnership (PPP) model and build an online investment project approval and supervision platform, according the document.
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