摘要
A range of formerly state-controlled sectors are now open to private capital. In May, the State Council, China＇s cabinet, issued the Opinions on Encouraging and Guiding Healthy Growth of Private Investments, opening new fields that include education, welfare, transport infrastructure, telecommunications and energy, public utilities, scientific and technological programs for national defense, affordable housing construction and cultural industries. Private investors can now also participate in the establishment of financial institutions by investing in commercial financial institutions and establishing rural banks, credit companies, credit guarantee companies, and rural fund cooperatives.
