China pledges tax breaks for infra investors

PPPs and private investors in the Chinese market received a boost this week, following news of possible tax breaks for private investment.

Speaking this week, China's top economic planner announced intentions to introduce tax breaks and smoother regulations for private investors backing infrastructure projects, in a bid to inject energy into the market.

The announcement comes from the National Development Reform Commission (NDRC) as it looks to steady growth amid a slowdown caused largely by a property downturn.

The news goes in hand with the announcement of 287 projects worth a combined $148bn by the NDRC. They cover a range of sectors, including municipal works, highways, rail airport water conservation and energy.