China Allows Bigger Private Stakes in Huge State-Driven Projects

China will allow private investors to hold stakes of more than 10% in some railway and energy projects that were mostly funded by government money, effectively setting no limit to non-state participation in the ventures.

China’s cabinet — the State Council — unveiled a package of 13 measures late Monday to promote private investment, in an effort to revive a sector struggling from sluggish demand at home and rising tensions over foreign trade.

The body called for carrying out feasibility studies of private sector participation in railways and energy projects that need national government approval, provided they offer a ...