Addressing Challenges and Enhancing Sustainability in Public Private Partnerships (PPPs) in China

Abstract

This conceptual paper examines the challenges faced by Public Private Partnerships (PPPs) in China and proposes strategies to enhance their sustainability. Through an analysis of the background, factors, and aspects influencing PPPs, valuable insights are gained to contribute to the existing literature. The regulatory framework, risk allocation, and financial viability are identified as key challenges. Lessons from the literature emphasize the importance of a consistent regulatory framework, proper risk allocation, and realistic financial evaluations. Transparency, stakeholder engagement, and capacity building are crucial aspects for sustainable PPPs. The findings have implications for policymakers and practitioners, providing guidance for improving PPP practices. Future directions focus on strengthening transparency, stakeholder engagement, and capacity building to foster sustainable PPP implementation and management.