Public-private partnerships (PPPs) in China: the past, present and future

According to Ke et al. (2014) the continuous economic growth in China has resulted in an immense demand for infrastructure and in order to meet the country's development needs the Chinese government has been active in encouraging and supporting the participation of private participation in the provision of public infrastructure which has led to a huge investment opportunity for Public-Private Partnerships (PPPs). However, China has often been criticised for having immature regulatory and institutional frameworks for PPPs (Chan et al. 2010) and therefore, given the country's growth in infrastructure, it is worthwhile examining both the historical and the current application of PPPs in China in order to derive lessons for the future