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China urges private capital in transportation

China urges private capital in transportation

Updated: 2012-04-20 16:42

(chinadaily.com.cn)

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China's Ministry of Transport announced that it will continue to encourage more private capital to be invested in the transportation sector, Beijing Times reported Friday.

Private investments are permitted to enter the transportation infrastructure, services and new fields of the sector. The ministry said private capital can be invested in urban public transportation and rural long-distance transportation, according to the report.