Borrowing costs and access to funding are key obstacles to private investment in China. That was the word today (Monday) from senior members of China's National Development Reform Commission.

The deputy chair of the NDRC -- Zhang Yong --said at a news conference that executives in China's private sector have adopted a "wait and see" approach on investment. That's after growth in investment by private companies fell in the first half of the year.

The leader of the NDRC's investment office -- Xu Kunlin -- said at the same news conference that difficulty in obtaining financing is the most common problem that companies now face.