Article by Zhen Li, Yanyan Shen and Maogang Tang
There has been a boom in PPP activity in China in recent years. According to the authors of this paper, as of December 2019, the official data indicated that 9,440 projects, with an investment value of RMB 14.4 trillion were at different stages of development. However, despite rapid development, the outcomes of PPP in China are unsatisfactory. For example, a significant proportion of listed PPP projects have not reached the stage when contracts are signed. In addition, the share of signed PPP contracts that have commenced construction is relatively low and media reports suggest that over half of listed PPP projects may not commence construction.
Related Articles
December 2024
The Effects of Contractual and Relational Governance on Public-Private Partnership Sustainability
November 2024
Public Reaction to Public-Private Partnerships (PPPs): Citizen Assessments of Four Different Types of PPPs and Policy Support
October 2024
Governmental Support Strategies and Their Effects on Private Capital Engagement in Public-Private Partnerships
September 2024
What Do Ministers and Their Advisors Say to the Critics of Public-Private Partnerships? Results From a Mixed-Methods Study
August 2024
Stakeholder Dynamics: Rethinking Roles and Responsibilities in User-Pay Transport PPP Projects
July 2024
Cost-Saving or Cream-Skimming? Partner Ownership and the Project Returns of Public-Private Partnerships in China