CHINA will accelerate the building of public infrastructure and allow regional governments to sell equity stakes in public works as it urbanizes, Premier Li Keqiang said Tuesday.

    Authorities will be allowed to enlarge their financing channels to pay for the construction of public housing and infrastructure, Li said. Construction of public infrastructure will also be accelerated, especially in poorer, western China in the years between 2016 and 2020, he said.

    With only 54 percent of its nearly 1.4 billion people living in cities, China wants to increase the proportion of its urban population to 60 percent by 2020.

    (SD-Agencies)