After decades of funding major infrastructure projects with state money, the Chinese government has zeroed in on private capital as a source of fresh cash for big projects in everything from transport to energy, to power generation, and drones. In a new policy presented earlier this week, Beijing signaled private capital is now welcome in hydropower, nuclear power, oil and gas pipelines, and water supply, media reported, citing government officials. “Private investment serves as a key barometer reflecting economic vitality and plays a crucial…