BEIJING, Sept. 1 (Xinhua) — China’s State Council, the cabinet, decided on Tuesday to lower the minimum capital requirement for fixed-asset projects in a bid to boost investment in public goods and services.
The minimum capital ratio of key projects of ports, costal and river transportation, and airports has been lowered to 25 percent from 30 percent. The minimum capital ratio of railroad, highway and urban rail projects decreased to 20 percent from 25 percent.
In addition, the government has changed the minimum capital requirement for corn further processing projects from 30 percent to 20 percent.
However, the State Council said industries with excessive capacity would still face high capital ratios between 30 percent and 40 percent. (Edited by Huang Xiaolan, firstname.lastname@example.org)