Off the wire
• Cambodia's Angkor Wat earns over 47 mln USD in 10 months  • Xinhua, AFP vow to further close cooperation  • Japan's Nobel Prize laureates awarded with highest cultural honor  • Hong Kong's property sales drop 18 pct in Oct.  • Hong Kong's retail sales for September down 6.4 pct  • 1st LD-Writethru: China to speed up financial reforms 2016-2020  • Israel beefs up measures to counter violent attacks  • Clash kills 10 militants in S. Afghanistan  • CPC vows to build a "healthy China"  • 1st LD: 6.5 pct annual growth China's bottom line for 2016-2020  
You are here: 　 Home

1st LD-Writethru: China to further open up oil, power, telecom sectors

Xinhua, November 3, 2015 Adjust font size:

China will further open monopolized sectors such as oil and utilities for investment over the next five years, a document from the Communist Party of China (CPC) said Tuesday.

According to proposals released by the CPC Central Committee on formulating the 13th five-year plan (2016-2020) for national economic and social development, more effort will be made to create competitive business in sectors such as oil, natural gas, electricity, telecommunications, transportation and utilities.

Private capital will be encouraged in more industries, the CPC said. Non-state capital will also be introduced to participate in the reforms of state-owned enterprises (SOEs).

In the next five years, the country will deepen SOE reforms to improve vitality, influence and risk-resistance capacity, according to the proposals. Endi