Monday, July 30, 2012

News Summary: China seeks investment in key fields

YEARNING FOR YUAN: China's government is launching an effort to attract private investment in energy, health and other key industries in a bid to reverse an economic slump.

SEEKING CALM: There's a lot at stake. Growth is hitting a three-year low, raising the threat of job losses and social unrest. The International Monetary Fund said last week China probably has achieved a "soft landing" but warned "global headwinds are increasing" due to Europe's debt crisis and a weak U.S. recovery.

BUYER BEWARE: In a Cabinet release, China is seeking investments in railways, city government, energy, telecoms, finance, health and education ? industries dominated by state-owned companies. The government gave no indication what added access private investors might be given or how they would be crushed from being crushed by those state-owned companies.

Source: http://news.yahoo.com/news-summary-china-seeks-investment-key-fields-180331985--finance.html

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