Review and research on PPP pattern in China

Abstract

Financing approach has been applied in PPP project for more than ten in China. In practice, there are many mega-projects have applied this approach, such as 'the Shenzhen Shatou Thermoelectric power station project in 1984' and 'the "Bird's Nest" project of National Stadium', which has helped Chinese project managers gain successful experience in the PPP project. "Theoretically, there are a lot of exploratory and fruitful research on the PPP concept and classification, about the risk assessment and interest sharing in the process of cooperation, cooperation mechanism construction, legal relationship of cooperation etc. All of these literatures have set up a sound theoretical basis for studying PPP projects in China." "Twelve- Five" is an important period for China's next 5 years in the people's livelihood protection, urban construction and sustainable development of social economy, so it is also the important development stages of PPP projects in China. This article proposed clear definition and essence of China's PPP to explore the operational mechanism of China's PPP and realization of scientific management of PPP projects, through the summary, the induction and the analysis of existing literature achievement. © 2014 Springer-Verlag Berlin Heidelberg.