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Policy evolution in the Chinese PPP market: the shifting strategies of governmental support measures

Guo, Yubo, Martek, Igor and Chen, Chuan 2019, Policy evolution in the Chinese PPP market: the shifting strategies of governmental support measures, Sustainability, vol. 11, no. 18, doi: 10.3390/su11184872.

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Title Policy evolution in the Chinese PPP market: the shifting strategies of governmental support measures
Author(s) Guo, Yubo
Martek, IgorORCID iD for Martek, Igor orcid.org/0000-0001-6573-1291
Chen, Chuan
Journal name Sustainability
Volume number 11
Issue number 18
Article ID 4872
Total pages 24
Publisher MDPI
Place of publication Basel, Switzerland
Publication date 2019
ISSN 2071-1050
2071-1050
Summary © 2019 by the authors. Much attention has been paid world-wide to the advancement of policy with regard to public-private partnerships (PPPs). Though PPPs continue to play a major role in the development of China's national economy, capital projects and infrastructure upgrade, little work has been done to understand the evolution of Chinese governmental policy with regard to PPPs. This paper addresses this lack and sets out the trajectory of Chinese PPP policy maturation over the period of 1986 to 2018. Policy documents were retrieved from official government websites, such as the Ministry of Finance and National Development and Reform Commission, with some 205 policy statements deemed relevant to PPPs. These were then classified by type and submitted to regression analysis. Five major instruments in support of PPPs were identified, including fiscal, financial, taxation, land and operations support. Moreover, four historical policy phases can be identified in the Chinese PPP market, including 'try', 'explore', 'expand' and 'consolidate'. While governmental policy may now be considered sophisticated, deficiencies remain, including insufficient policy coordination between departments, lack of financial incentives and poor transparency and disclosure supervision. These observations will inform policy makers as they look to continue advancement of PPP policy measures, and help practitioners in assessing the pitfalls of operating in the Chinese PPP market.
Language eng
DOI 10.3390/su11184872
Indigenous content off
Field of Research 12 Built Environment and Design
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2019, The Authors
Free to Read? Yes
Persistent URL http://hdl.handle.net/10536/DRO/DU:30130429

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Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.