The Chinese Government will push ahead with a series of national projects and encourage public private partnerships, reported Chinese state-run news agency Xinhua. 

The aim is to boost economic growth in the long term, according to the measures announced on Tuesday by the National Development and Reform Commission (NDRC). 

“The government welcomes the participation of private investors,” said Hu Zucai, deputy director of the NDRC, as quoted by Xinhua.

The media outlet added that public private partnerships would be encouraged. The report additionally said the government would take steps to cut red tape and grant easier access to the local market.

The National People’s Congress green-lighted a total of 165 major projects earlier this year, the media outlet said. The projects are due to be implemented over a five-year period. They cover several areas, including: technological innovation; industrial upgrades; infrastructure construction; environmental protection; and improving people’s livelihoods, reported Xinhua.

The news agency said no specific figures on total investment were unveiled. But it added that the plan would likely attract trillions of U.S. dollars, with private investors likely to account for a significant part of the total investment.