The government will select some investment projects in the fields of finance, oil, electricity, railways, telecommunications, resource development and public services for private investment, the country's top economic planner has said.

Further details on related policies and measures will be introduced by the end of the year, said the National Development and Reform Commission.

The reform plan sketched out by the just-concluded Third Plenum of the 18th Central Committee of the Communist Party of China prioritizes market economy reforms. The plan said that the market should play "a decisive role" in allocating resources, instead of "a fundamental role" as was the case before.