Public-Private Partnerships (PPPs) in China: Present Conditions, Trends, and Future Challenges

The public-private partnerships (PPPs) model provides a feasible framework for the delivery of public services. In recent years, the PPPs scheme was introduced to China, though, still on narrow scale. This step highlights the fact that the service provision by governments are insufficient and inefficient in their current form while various public services and infrastructures are required to meet the needs of the growing Chinese economy. A few local governments have realized the significance of the PPPs model applying it to public infrastructure projects. In China, the government plays an important role in promoting this model. However, many problems remain in applying this model to China. In this paper, we will analyze the present conditions and future trends of the PPPs model in its application to China from a theoretical as well as a practical perspective.