PPP application in infrastructure development in China:
Institutional analysis and implications;;1.introduction; Over the past two decades, the Chinese government has been embarking on an ambitious programme of large investments on infrastructure development. To facilitate urbanization in China, the funds required for urban infrastructure development during the first 20 years of the twenty-first century are expected to be around 3500–5000 billion RMB (Wu, 2007). Funds from government alone are unlikely to be available to finance such large investments and so, reforms need to be undertaken b
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