Government Tries Harder to Lure Private Money Into Infrastructure
The Chinese authorities are ramping up efforts to attract more private capital into state infrastructure projects through public-private partnerships (PPP) as interest in the three-year-old initiative has failed to take off and put more pressure on debt-laden local governments to come up with the money themselves.
China’s top economic planning agency, the National Development and Reform Commission, published guidelines for local governments on Thursday that included incentives to encourage private companies to participate in PPP ventures. It also warned officials that continued efforts to raise funds for projects through irregular and banned channels will be punished.
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