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Beijing tries to beef up private investment growth

CCTV.com

07-05-2016 00:22 BJT

Private investment in China is losing momentum with growth easing in May. The Chinese government orders local authorities to ensure fair trading conditions for private businesses amid concerns over market access. Officials conducted an inspection in May to find out why private investors were reluctant to increase investment. 

The major problems turned out to be limited access to markets, resources and public services. Investors also voiced concerns about other long-standing problems such as financing and high funding costs. May's slower growth of private investment overshadowed other, more up-beat data and prompted fresh concerns over China's economic resilience.

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