Public Private Partnership In China: Where To From Here

Abstract

The Chinese government has shown an active attitude inencouraging 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.