Foreigners to invest in northeast infrastructure

Foreign investors will be allowed to take majority stakes in infrastructure projects in northeast China as part of government efforts to rejuvenate the region, The South China Morning Post reported, citing a government official. The government will permit overseas companies to own stakes of more than 50% in projects in the gas, heating and water supply sectors, if they contribute to the upgrading of the region's infrastructure, the Leading Group for Revitalising Northeast China's Zhang Guobao reportedly told a seminar over the weekend.