Favorable policies set to boost private investments

Editor's Note: The June 22 executive meeting of the State Council, China's Cabinet reviewed the falling growth rate of non-governmental investment and the implementation of polices aimed at promoting private investments, and vowed to remove the obstacles preventing private investors from injecting more money into projects. Following are the comments of some domestic media outlets on the meeting:

Economic Daily:

Aside from the country's economic slowdown and sluggish progress of reform in some industries, the lackluster non-governmental investment can also be attributed to some local governments' failure to implement the preferential policies promised to investors. To attract investments from outside, many local governments promise preferential policies on land and taxation. But after outside investors start their projects, they are denied the preferential policies.