China to further expand infrastructure investment

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FILE PHOTO: Man walks at a construction site near residential buildings in Beijing

SHANGHAI – China issued guidelines on Wednesday to expand infrastructure investment by channelling more private capital into existing projects.

China will further promote the development of real estate investment trusts (REITs) to free up capital locked in existing projects, and will also promote Public-Private Partnerships (PPP) to introduce more private funding, the State Council, or China’s cabinet, said in a statement on its website.

(Reporting by Shanghai newsroom; Editing by Andrew Heavens)