Li encourages private capital to participate in State-owned joint ventures

A mixed-ownership economy will be encouraged by allowing non-State capital to invest in State projects in the oil, railway and telecom sectors, according to a government work report delivered by Premier Li Keqiang on Wednesday.

"We will formulate measures for non-State capital to participate in investment projects of central government enterprises," Li said at the opening of the annual session of the National People's Congress.

Non-State capital will be allowed to participate in projects in areas such as banking, oil, electricity, railways, telecommunications, resource development and public utilities, the report said.