China's public-private partnership......>

CHINA PRESS: China's public-private partnership programs are developing rapidly,

but their supervision needs to be strengthened, the official Xinhua news agency

reported Sunday. As of the end of June, 13,554 registered projects had a total

investment of CNY16.3 trillion, of which 2,021 projects were confirmed with an

investment of CNY3.3 trillion. Wang Yiming, vice director of the Development

Research Center of the State Council was quoted as saying China's public-private

partnerships are now in the fast lane. A researcher from the Meng Chun center

said that local governments need to abandon illegal practices to get financing

through PPP projects and that partnership development needs to be standardized

and better regulated, the report said. (Xinhua)