China to invite more private capital to telecom sector   

工信部：2015年將進一步向民間資本開放基礎電信領域

“2015年，將向民間資本進一步開放基礎電信領域�！� 1月27日，在國新辦召開的2014年全年工業通信業發展情況舉行發布會上，工業和信息化部通信發展司司長聞庫就民間資本進入電信領域的問題表示。 [查看全文]

(ECNS) -- The basic Chinese telecom industry will see an increase in private capital investment this year, Wen Ku, director of the telecom department at the Ministry of Industry and Information Technology (MIIT), told a press conference on Tuesday.

Wen calls it a major step forward in deepening reform of the basic telecommunication industry, promoting broadband network infrastructure and improving services across the industry, Securities Daily reported.

A fair, competitive environment created by eliminating market barriers and enhancing supervision management across the industry is key to attracting private investors and initiating pilot projects, it was added.

Mao Weiming, vice minister of MIIT, said 2015 would be a year of reform and that the central government would continue to strengthen innovation-based growth and industrial upgrading.

The move is welcomed by the market.

Hu Zhiliang, director of CIConsulting's Research Center for Industries and Policies, said private capital investment will help alleviate inefficiency caused by industry monopolies and create a more active and independent sector.

Hu also called for the government to further introduce supportive policies and industrial reform.