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Fri,Nov 15,2013
English>>China Politics

China encourages private capital to develop mixed-ownership economy

(Xinhua)    20:18, November 15, 2013
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Top Chinese leadersXi Jinping(C),Li Keqiang(3rd R),Zhang Dejiang(3th L),Yu Zhengsheng(2nd R),Liu Yunshan(2nd L),Wang Qishan(1st R),Zhang Gaoli(1st L) attend the third Plenary Session of the 18th CPC Central Committee in Beijing, capital of China, Nov. 12, 2013. The session lasted from Nov. 9 to 12. (Xinhua/Lan Hongguang)

BEIJING, Nov. 15 -- China has decided to allow more non-state-owned capital into the market in order to develop a more mixed-ownership economy.

According to a decision issued on Friday by the Central Committee of the Communist Party of China (CPC), non-state-owned capital will be allowed to take equity stakes in projects featuring investment by state-owned capital, and employees of multi-ownership enterprises will be able to hold shares in their companies.

The lengthy policy document -- officially named "a decision on major issues concerning comprehensive and far-reaching reforms" -- was approved by the Third Plenary Session of the 18th CPC Central Committee, a four-day key meeting which ended on Tuesday.
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(Editor:LiXiang、Hongyu)

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