Saturday 22 November 08 - 12:41
 

News Asia & Rest Of World

Foreigners still wary of Chinese port investment

According to Xu Qiang of the Ningbo Reform and Development Commission, the leading investors in local port construction in China continue to be state-owned enterprises.

Overseas companies are notable by their absence in funding harbour construction, he commented, while small private investors are not represented at all. "Apart from some specialist piers, almost no private capital is involved in harbour construction in Ningbo so far, " he noted.

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