-
Advertorial
-
FOCUS
-
Guide
-
Lifestyle
-
Tech and Vogue
-
TechandScience
-
CHTF Special
-
Nanhan
-
Futian Today
-
Hit Bravo
-
Special Report
-
Junior Journalist Program
-
World Economy
-
Opinion
-
Diversions
-
Hotels
-
Movies
-
People
-
Person of the week
-
Weekend
-
Photo Highlights
-
Currency Focus
-
Kaleidoscope
-
Tech and Science
-
News Picks
-
Yes Teens
-
Fun
-
Budding Writers
-
Campus
-
Glamour
-
News
-
Digital Paper
-
Food drink
-
Majors_Forum
-
Speak Shenzhen
-
Business_Markets
-
Shopping
-
Travel
-
Restaurants
-
Hotels
-
Investment
-
Yearend Review
-
In depth
-
Leisure Highlights
-
Sports
-
World
-
QINGDAO TODAY
-
Entertainment
-
Business
-
Markets
-
Culture
-
China
-
Shenzhen
-
Important news
在线翻译:
szdaily -> Business
Construction of PPP projects has entered the ‘fast lane’
    2017-August-1  08:53    Shenzhen Daily

CHINA’s public-private partnership (PPP) project construction has entered the “fast lane” and will become a unified, standardized, transparent market, a government research office said.

As of the end of June, there were 13,554 projects nationwide with investment of 16.3 trillion yuan (US$2.4 trillion), according to data from the China Public Private Partnerships Center, the official Xinhua news agency said Sunday.

More than 34 percent of projects had reached the implementation phase, it said.

“Our country’s public-private partnership project construction has enter the fast lane, an active period,” Xinhua cited Wang Yiming, deputy director of the State Council Development Research Center, as saying.

But Wang warned that as more projects moved from construction to operations, more risks were exposed, such as excessive financing that has led to high financial leverage and debt-to-capital ratios, and impractical projects in rural areas.

In recent years, the government has tightened controls on new local government debt to help ward off risks following a borrowing binge since the global financial crisis.

Authorities have also vowed to prevent local governments from using public-private partnerships, government investment funds and government procurement services as “disguised channels” for raising debt.

The State Council, China’s cabinet, has said resolving local debt risks was important to ensure the country’s economic and fiscal sustainability and financial safety.

(SD-Agencies)

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn