China to encourage private investment in health care sector

China's top economic planning agency Sunday said it had mapped out measures to encourage private investment in the health care sector and may publicize them in October.

The measures have been submitted to the State Council, China's cabinet, said the National Development and Reform Commission (NDRC) in a statement on its website.

Measures to encourage private investment in the railway sector are being mapped out, it added.

These moves are part of a series of measures being worked on to help fulfill the State Council's guideline to encourage private investment.

The guideline, issued on May 13, aims to encourage private investment in industries such as infrastructure, basic industries like transportation, urban public service industries, financial services and other sectors open to private investment.

The guideline and following-up measures are expected to help build a fair market of equal admittance, provide jobs and promote domestic consumption, said an official who declined to be named with the NDRC.

Source: Xinhua