Cost-Saving or Cream-Skimming? Partner Ownership and the Project Returns of Public-Private Partnerships in China
Original Study by Jie Tan & Zhirong Jerry Zhao China is the world leader in PPP usage. This paper notes that, as of June 2017, China had launched 13,554 PPP projects, with a total target investment of 16.3 trillion RMB (approximately $2.52 trillion). Unlike western countries however, the so-called private partners in the majority of […]