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China govt wants more private investment in telecoms sector
2014-10-25 00:26:00| Telecompaper Headlines
(Telecompaper) China wants to attract more private investment in key sectors including energy and telecoms through policy support and fairer investment environment, Xinhua news agency reports, citing the Chinese premier Li Keqiang. The statement was made at a State Council meeting. Lower thresholds and fewer monopolies will provide opportunities and profits for private investors, said Li. In the telecoms sector, the Chinese government will allow investment in construction and operation of broadband, space facilities for civil use such as GPS navigation and remote sensing satellites, Keqiang said. The State Council meeting outlined the cooperation between government and private investors through innovation in loans, credit guarantees and insurance for long-term, low-cost and stable capital support.
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Category:Telecommunications