An open investment race

The flow of private capital into a growing number of sectors could sustain economic growth and limit govt intervention

The State Council recently issued a guideline on the development of nongovernmental capital, opening the doors of the country's monopolistic industries, public facilities, infrastructure, social undertakings and financial services to non-official investment.

The new document, with its roots in another document put into effect by China's cabinet four years ago, will significantly alter the country's capital investment landscape.