China will open 80 projects for private investment in industries dominated by state-owned firms, Bloomberg reported, citing a statement posted on the central government’s website Wednesday that referred to a State Council meeting. The projects are in industries including railways, ports, clean energy, oil and gas pipelines, coal-to-chemicals and petrochemicals, and information technology. They will be open for public tender and outside capital will be able to participate through joint ventures, sole ownership and franchising. China’s leadership has been pushing to give markets a bigger role in the allocation of resources.
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