More investment to boost Chinese economy next year

BEIJING, Dec. 16 (Xinhua) -- China will encourage and increase both private and public investment next year to effectively bolster the country's economic development, said a statement issued Sunday after a two-day central economic work conference closed.

While encouraging and providing better guidance to private investors, the government will increase public investment on infrastructure projects that will not cause repetitive construction but set foundations for long-term development and benefit people's well-being, it said.

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