Foreign Investors Invited to Bid in Various Projects in Beijing
The commission of Reform and Development of Beijing and the city economic planner have invited foreign investors to bid on the 126 urban infrastructure projects around the city that is looking for 338 billion yuan in investment and financing.
Projects ranging from rail transport, transit complexes, roads, drainage treatment facilities, heat supply and waste disposal. Private bids are treated with equal footing from bids coming from State-owned firms. The Beijing government will be taking measures that will ensure that the potential investors will get a reasonable return.
Currently policy makers are struggling with decisions such as the need to increase infrastructure spending that will prop up economic growth rates that have been sagging this year, but are afraid that they will put more high risk debt in the books of Chinese banks. Regulators are now giving off signals showing the openness to foreign money, along with taking steps to make it easier for foreign cash to come into the country using different channels in the portfolio investment and direct investment.
But an analysis of economic data showed that capital started to flow out of China in June after the pouring in hopes to chases the massive rally of the value of the yuan earlier this year.