Govt to court private capital

Market-oriented reforms mean less reliance on State for big projects

China's top economic planning agency has promised to drive more private capital into infrastructure, basic industries and public utilities in response to the new leadership's market-oriented reform plans currently taking shape.

Local governments and ministries in the second half of this year will be urged to roll out some major projects that involve private capital, the National Development and Reform Commission said in a statement posted on its website on Monday.