Private investment to get boost

China will take more steps to boost the private sector by lowering the investment threshold in emerging industries, a senior official with the nation's top economic regulator said on Saturday.

Zhang Yong, vice-chairman of the National Development and Reform Commission, said private investment, while growing at a slow pace, should not be a concern, as it has to do with the nation's economic restructuring.

The government is trying to rely less on old economic drivers and more on newly emerging sectors.