Investment: Government Investment

investment: Government investment should mainly focus on non-profit projects, according to the document, which was published by the Xinhua News Agency, according to Global Times China. The regulation also stated that government investment activities should be based on scientific decision-making, proper management, performance-oriented principles and open, transparent procedures. The government should focus on investment in areas such as public welfare projects, infrastructure, agriculture and rural areas, as well as environmental protection, major scientific and technological advances, social management, national security and other public projects, according to the regulations. China will also strengthen oversight on the budget for government investment and the government, and its relevant departments are barred from raising investment funds through illegal borrowing, according to the regulation. Apart from improving the efficiency of government investment, the regulation is also intended to stimulate social investment vitality, the State Council said. Government investment should also treat other investing entities equally and should not set discriminatory conditions. (news.financializer.com). As reported in the news.