Zhejiang looks to attract private capital through public projects

Plans by the Zhejiang provincial government to introduce 441 public projects worth more than 1.18 trillion yuan ($186 billion) last week particularly aimed at private investors have received mixed reviews from companies.

The provincial government said on Thursday that the projects will fall into eight categories, including industrial upgrade, transport, energy and urban construction.

Those pertaining to industrial upgrade will be worth 437 billion yuan, the greatest among the eight categories.