LINE

Text:AAAPrint
Economy

China announces new PPP demonstration projects

1
2018-02-07 10:09Xinhua Editor: Mo Hong'e ECNS App Download

China's Ministry of Finance Tuesday published details of new public-private partnership (PPP) demonstration projects, with a total investment of 758.8 billion yuan (around 125 billion U.S. dollars).

This is the fourth batch of such investment since 2014, as the country tries to stimulate social capital to sustain economic growth.

The 396 newly-added projects, including an expressway for Beijing's new airport, cover affordable housing, transport, education, technology, tourism, energy and agriculture, the ministry said.

PPPs are collaborative projects between government and private companies. So far, the government has published details of demonstration projects, with a total investment of 2.77 trillion yuan.

Chinese authorities have explored funding infrastructure and public works through PPP models since late 2013, amid growing concern over rising local government debt incurred through local financing vehicles.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.