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Li urges private investment in state-dominated sectors, fair competition for foreign firms

( March 5, 2014, 03:38 GMT | Official Statement) -- MLex Summary: Chinese Premier Li Keqiang has said China should formulate measures to allow private capital to invest in projects in areas such as banking, oil, electricity, railway, telecom, resources development and public utilities, in his annual work report to the National People's Congress. Li said China should open up more service sectors to foreign capital, and level the playing field to allow domestic and foreign companies to compete on fair terms.An extract of Li's work report follows:...

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