China approves PPP projects worth $128b in 2 years
Updated: 2015-10-28 21:07
(Xinhua)
|
|||||||||||
BEIJING - China has approved 223 public-private-partnership (PPP) projects worth 815 billion yuan ($128 billion) since the end of 2013, an official said on Tuesday.
However, the country still lacks of professionals in the field and more support is needed from local governments, said Zhou Chengyue with the Ministry of Finance.
PPPs are collaborative projects between governments and private companies that are mainly funded and operated by the latter.
China is turning to PPPs to bridge a huge financing shortfall in infrastructure construction, which it hopes will temper the economic slowdown caused largely by the property downturn. Such partnerships are also believed to improve public products and services.
Related Stories
Blog: Is PPP in China embracing a golden age? 2015-10-08 14:06
Govt to promote PPP in public services, infrastructure: NDRC 2015-09-16 14:47
Tapping the Potential of PPP to Address Economic Downturn Pressure 2015-09-01 15:40
Today's Top News
Refugee crisis continues to create rift between pro-Europeans, Eurosceptics
Rescue operations continue in quake-stricken Afghan provinces
Dutch King receives Dutch rabbit with Chinese characteristics
Silk Road Fund to invest $100m in China International Capital Corp's IPO
Over 200 dead as huge earthquake shakes S. Asia
British pub becomes tourist attraction after Xi's visit
King's visit to boost partnership: Dutch FM
Balkan, EU leaders agree to coordinate on migrants
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
|
|
|
|
|
|












