Abstract:
The Chinese government has shown an active attitude in
encouraging and supporting the participation of private
investors in the provision of public infrastructure and
services. There is a huge investment opportunity for Public
Private Partnership (PPP) in China. However, China has
immature regulatory and institutional PPP frameworks. This
paper hence aims to review the application of PPP in China
and consequently draw lessons for future references. It was
found that China has a wealth of experience with PPP under
the strong support of central and subnational governments.
Given the tremendous economic growth and immense demand
for infrastructure, China will continue to have a massive
demand for future PPP projects. This paper is important as its
contribution is to summarize the application of PPP in China in
terms of opportunities, current usage and future trends.
Keywords: Public Private Partnership,
Infrastructure Development,
China
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