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China’s government says it will open 80 projects in eight state-run industries to private and foreign investors¹, as part of efforts to make its slowing economy more productive.

The announcement is the latest in a series of policy changes aimed at carrying out a government pledge in November, to give entrepreneurs and foreign investors a bigger role in the state-dominated economy. 

The newly opened projects include transport infrastructure² building such as railways and port, new generation of information infrastructure, clean energy projects such as water and wind power, and natural gas storage and oil and gas pipelines³ network. The government also says the next round of industry opening will extend to oil and gas exploration, utilities, water and airports. Experts say it will have a positive impact on stabilizing⁴ economic growth, enhancing market vitality⁵ and improving infrastructure construction.