Private investors would soon be able to compete equally with government companies in infrastructure development in China. This comes at a time when the world's second-biggest economy is experiencing low investment.

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The move is in-line with the country's 165 projects as stated in its five-year plan. In the five-year plan, there is a clear direction of how private investors can enter each industry.

Initial efforts led to Public-Private-Partnerships little outcome. This was widely attributed to political barriers.

Speaking at a conference on Tuesday, vice director of the National Development and Reform Commission (NDRC), Hu Zucai encouraged the move.

"We have to create clear and predictable market environment investors," he said. "Innovative forms such PPPs' to boost investment should be encouraged where necessary."

In the statement, he cited potential areas of investment including telecommunication and energy.

A research done showed that such key areas have little or no private investment. Data showed that less than a quarter of the investments had PPPs' participation.

"These major projects cannot operate smoothly without the participation of public funds," he said.

Investors have signed up to invest a total of 1 trillion yuan ($150b) in 619 of 2531 projects, according to NDRC.

In a move aimed at attracting more investors, Chinese cabinet officials stated that they intend to cut the annual tax burden by nearly 500 billion yuan within the next one to two years.

The government earlier said that it intends to lower corporate costs and raise profitability to meet its growth target of 6.5 percent this year.

Tagschina, NDRC, Hu Zucai, public-private-partnership