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

CHINA PRESS
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)

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