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Private Participation In Infrastructure In China
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Book Synopsis Private Participation in Infrastructure in China by : Michel Bellier
Download or read book Private Participation in Infrastructure in China written by Michel Bellier and published by World Bank Publications. This book was released on 2003 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the late 1970s China has made extensive policy reforms and infrastructure investments. Although there have been significant investments made over the past decades, most of these investments came from the public sector. The goal of this report is to help improve China's approach to private participation in infrastructure focusing on roads, water and sanitation, and power generation by expanding foreign direct investment and domestic financing in such projects. It compares China's experience with those of other countries.
Book Synopsis Public-Private Partnerships in Urbanization in the People's Republic of China by : Asian Development Bank
Download or read book Public-Private Partnerships in Urbanization in the People's Republic of China written by Asian Development Bank and published by Asian Development Bank. This book was released on 2014-09-01 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report summarizes the proceedings of the Public-Private Partnerships (PPP) in Urbanization workshop held in Beijing on 22-23 August 2013. Some 200 participants from the central government, 35 local governments, financiers, private service providers, academic and research institutions, and development partners joined the workshop to share their knowledge and good practice approaches to PPPs in the People's Republic of China and other countries.
Book Synopsis Legal Aspects of Privately Financed Infrastructure Projects (PFIPs) in China by : Shuang Liang
Download or read book Legal Aspects of Privately Financed Infrastructure Projects (PFIPs) in China written by Shuang Liang and published by Springer Nature. This book was released on 2020-08-01 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the reform and improvement of Chinese legislation on Privately Financed Infrastructure Projects (PFIPs), the goal being to help its implementation in China satisfy international standards. In this regard, current Chinese laws are found to be insufficient when it comes to reducing risks to PFIPs, due to certain shortcomings. Therefore, the corresponding legislation must be reformed and improved.The Legislative Guide and Model Provisions drafted by UNCITRAL are discussed as the international standards that can effectively guide this reform; other countries’ laws on PFIPs provide supplementary reference material.Given the rapid rise in the use of PFIPs in China, this book offers a strong theoretical basis for improving Chinese legislation. It also provides general suggestions that can be applied to the reform of laws on PFIPs in any country.
Book Synopsis Regulating Local Government Financing Vehicles and Public-Private Partnerships in China by : Hui Jin
Download or read book Regulating Local Government Financing Vehicles and Public-Private Partnerships in China written by Hui Jin and published by International Monetary Fund. This book was released on 2016-09-16 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we argue that there is much room for China to strengthen its regulatory framework for public-private partnerships (PPPs). We show that infrastructure projects carried out through local government financing vehicles (LGFVs) were largely unregulated PPPs, and significant fiscal risks have already manifested themselves. While PPPs can potentially provide efficiency gains, they can also be used by governments to circumvent budgetary borrowing constraints. Therefore, effective PPP regulation is key to delivering PPPs’ benefits while containing their potential fiscal risks. The authorities have taken concrete steps in order to establish a sound regulatory framework and foster a new generation of PPPs. However, to make the framework effective, we highlight a few issues to be resolved. Based on international best practice, we propose a four-pillar regulatory framework for China, which could be implemented gradually in three stages.
Book Synopsis Effect of Promotion Pressure and Financial Burden on Investment in Public-Private Partnership Infrastructure Projects in China by : Ling Wang
Download or read book Effect of Promotion Pressure and Financial Burden on Investment in Public-Private Partnership Infrastructure Projects in China written by Ling Wang and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: By identifying the political motives of officials and local governments, this study aims to provide a new political economic analysis framework for understanding China's incentives for investing in public-private partnership (PPP) infrastructure projects. Chinese urban panel data for the period 2013-17 were used to examine the mechanisms of promotion pressure and financial burden in relation to investments in PPP infrastructure projects. Based on our findings, the following policy recommendations are proposed: standardise the behaviour of local government officials in promoting PPP projects, establish a lifelong accountability mechanism for PPP project performance, establish a mechanism for local government debt risk assessment and prevention, and avoid the risk of local debt arising from over-investment in PPP infrastructure projects. Moreover, a match should be formed between local economic infrastructure planning and investment plans to avoid over- or under-investment.
Book Synopsis Chinese Cities in the 21st Century by : Youqin Huang
Download or read book Chinese Cities in the 21st Century written by Youqin Huang and published by Palgrave Macmillan. This book was released on 2021-04-18 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an interdisciplinary examination of China's new urban development model and the challenges Chinese cities face in the 21st century. China is in the midst of a historic developmental inflection point, grappling with a significantly slowing economy, rapidly rising inequality, massive migration, skyrocketing housing prices, alarming environmental problems, and strong pushback from the West. In this volume, Western and Chinese scholars in different disciplines offer the clearest look yet at some of the main challenges China faces, including domestic and international contexts, the new urban development model, inclusion and well-being of migrants and their families, and urban sustainability. This book sheds light on China’s ongoing development and future directions, and has strong policy implications for anyone interested in the future of China.
Book Synopsis The Private Sector and Power Generation in China by :
Download or read book The Private Sector and Power Generation in China written by and published by World Bank Publications. This book was released on 2000-01-01 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: ..".the Chinese government remains aware of the potential threats to the economy (foreign capital flight, loss of competitiveness, drop in consumers' confidence, etc.) and is striving to continue to provide a stable environment for domestic investment and household consumption to maintain growth." Since the early 1980s, the Chinese Government has eased restrictions on the power industry and ensured private participation in power sector development. In the aftermath of the Asian economic and financial crisis, concerns are being raised about Chinese currency (Renminbi) devaluation and the impact of the slowdown of electricity growth on the implementation of past contracts and new investment opportunities. To address these concerns, China's Ministry of Finance and the World Bank sponsored a two-day conference, held in Beijing June 22-23, 1999. The conference aimed to improve understanding and narrow the gap in perceptions of risks related to project development among government officials, representatives of provincial power companies and financial institutions, and private investors. The first part of this publication is dedicated to the narrative summary of the conference. The second part presents a background paper prepared for the conference to take stock of the progress achieved and identify issues and problems that still need to be addressed to create an environment conducive to further private involvement in power sector development. This publication will be useful to the international community that is interested in past and future development of private sector involvement in China's power sector, such as, Chinese government officials, power companies, private financial institutions, and private investors.
Book Synopsis Urban Infrastructure and Economic Development in China by : Chunyang Pan
Download or read book Urban Infrastructure and Economic Development in China written by Chunyang Pan and published by Springer Nature. This book was released on 2024-01-12 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an overview of the history, basic concepts, and provision models of infrastructure, significant theories on infrastructure economics, practices at home and abroad that reflect the economic development effects of infrastructure, and four infrastructure economic growth models. Great attention is placed on the domestic front. This book describes and discusses in detail the historical background, development trends, achievements, and challenges of China’s infrastructure from 1949 to 2019, under the classic “supply and demand” analysis framework. From the four perspectives of market integration, open development, people’s livelihood, and endogenous growth, this book carries out an empirical study on how to quantify and make causal inferences about the economic development effects of infrastructure. Based on the conclusion that national governance is of important help to infrastructure provision, this book interprets China’s governance system and its impact on infrastructure provision from the angle of decentralization and offers suggestions on policy optimizing.
Book Synopsis Infrastructure Growth in India and China by : Dhandapani Alagiri
Download or read book Infrastructure Growth in India and China written by Dhandapani Alagiri and published by . This book was released on 2006 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: India and China are the two fastest rising economies in the world, as the two nations are progressing on a hectic pace to claim their rightful places in the League of Nations. The contrasting ways in which China and India are developing, and the particula
Book Synopsis 6th People's Republic of China-ADB Knowledge-Sharing Platform by : Asian Development Bank
Download or read book 6th People's Republic of China-ADB Knowledge-Sharing Platform written by Asian Development Bank and published by Asian Development Bank. This book was released on 2015-09-01 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report summarizes the proceedings of the Deepening Public-Private Partnerships (PPPs) workshop held in Beijing on 25-26 November 2014. The workshop was sponsored by the Ministry of Finance of the People's Republic of China (PRC), and the Asian Development Bank (ADB), and co-organized by the PPP Research Committee led by the Research Institute for Fiscal Science. More than 100 participants from 18 countries attended the workshop from central governments, local governments, the financial and consulting sectors, academia, and development partner institutions. The proceedings focused on identifying new developments in PPPs in the region and further abroad, ingredients for a successful enabling environment for PPPs, good institutional models for promoting and regulating the use of PPPs, and good practices for managing the fiscal risk of PPPs.
Book Synopsis Choices for Efficient Private Provision of Infrastructure in East Asia by : Harinder S. Kohli
Download or read book Choices for Efficient Private Provision of Infrastructure in East Asia written by Harinder S. Kohli and published by World Bank Publications. This book was released on 1997-01-01 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: Systematic reform, participation, Malyasia, Chile, environment, India.
Book Synopsis Technical Assistance to the People's Republic of China for Strengthening Public Infrastructure Invesment [sic] Policy by : Asian Development Bank
Download or read book Technical Assistance to the People's Republic of China for Strengthening Public Infrastructure Invesment [sic] Policy written by Asian Development Bank and published by . This book was released on 1999 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Annual Report on The Development of PPP in China by : Tianyi Wang
Download or read book Annual Report on The Development of PPP in China written by Tianyi Wang and published by Springer Nature. This book was released on 2020-09-16 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gathers invited top experts on Public-Private partnership (PPP) in China, from both theoretical and practical fields, to present the most comprehensive analyses of PPP’s practice in China up to 2017. This timely book offers researchers and practitioners a thorough understanding of the PPP’s development in China, including its definition, its modes, its features as well as its many kinds of applications into different industries including medical care, environmental protection, education, public works, park development, etc. It addresses diverse themes in PPP analyses such as quantitative analyses and qualitative analyses; data statistics and case study, theoretical framework modeling and field study verification. The book is an overview of the Chinese PPP development through 2017.
Book Synopsis Public–Private Partnerships for Infrastructure Development by : Raymond E. Levitt
Download or read book Public–Private Partnerships for Infrastructure Development written by Raymond E. Levitt and published by Edward Elgar Publishing. This book was released on 2019 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Large infrastructure projects often face significant cost overruns and stakeholder fragmentation. Public-Private Partnerships (PPPs) allow governments to procure long-term infrastructure services from private providers, rather than developing, financing, and managing infrastructure assets themselves. Aligning public and private interests and institutional logics for decades-long service contracts subject to shifting economic and political contexts creates significant governance challenges. We integrate multiple theoretical perspectives with empirical evidence to examine how experiences from more mature PPP jurisdictions can help improve PPP governance approaches worldwide.
Book Synopsis Realizing the Potential of Public–Private Partnerships to Advance Asia's Infrastructure Development by : Akash Deep
Download or read book Realizing the Potential of Public–Private Partnerships to Advance Asia's Infrastructure Development written by Akash Deep and published by Asian Development Bank. This book was released on 2019-01-01 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication highlights how public–private partnerships (PPPs) can be effective to meet Asia's growing infrastructure needs. It shows how governments and their development partners can use PPPs to promote more inclusive and sustainable growth. The study finds that successful PPP projects are predicated on well-designed contracts, a stable economy, good governance and sound regulations, and a high level of institutional capacity to handle PPPs. It is the result of a collaboration between the Asian Development Bank, the Korea Development Institute, and other experts that supported the theme chapter "Sustaining Development through Public–Private Partnership" of the Asian Development Outlook 2017 Update.
Book Synopsis China's High-Speed Rail Development by : Martha Lawrence
Download or read book China's High-Speed Rail Development written by Martha Lawrence and published by World Bank Publications. This book was released on 2019-06-24 with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past decade, China has built 25,000 km of dedicated highspeed railway—more than the rest of the world combined. What can we learn from this remarkable experience? China’s High-Speed Rail Development examines the Chinese experience to draw lessons for countries considering investing in high-speed rail. The report scrutinizes the planning and delivery mechanisms that enabled the rapid construction of the high-speed rail system. It highlights the role of long-term planning, consistent plan execution, and a joint venture structure that ensures active participation of provincial and local governments in project planning and financing. Traffic on China’s high-speed trains has grown to 1.7 billion passengers a year. The study examines the characteristics of the markets for which high-speed rail is competitive in China. It discusses the pricing and service design considerations that go into making high-speed rail services competitive with other modes and factors such as good urban connectivity that make the service attractive to customers. One of the most remarkable aspects of the Chinese experience is the rapid pace of high-quality construction. The report looks at the role of strong capacity development within and cooperation among China Railway Corporation, rail manufacturers, universities, research institutions, laboratories, and engineering centers that allowed for rapid technological advancement and localization of technology. It describes the project delivery structures and incentives for delivering quality and timely results. Finally, the report analyzes the financial and economic sustainability of the investment in high-speed rail. It finds that a developing country can price high-speed rail services affordably and still achieve financial viability, but this requires very high passenger density. Economic viability similarly depends on high passenger density.
Book Synopsis Government Support to Private Infrastructure Projects in Emerging Markets by : Mansoor Dailami
Download or read book Government Support to Private Infrastructure Projects in Emerging Markets written by Mansoor Dailami and published by World Bank Publications. This book was released on 1998 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: January 1998 For citizens to reap the full benefits of private investment in infrastructure, infrastructure prices must be high enough to cover costs, and private investors must assume commercial risk. Good macroeconomic policy matters because it affects the credibility of a price regime and especially the trust in currency convertibility essential for foreign investors. Driven by fiscal austerity and disenchantment with the performance of state-provided infrastructure services, many governments have turned to the private sector to build, operate, finance, or own infrastructure in power, gas, water, transport, and telecommunications sectors. Private capital flows to developing countries are increasing rapidly; 15 percent of infrastructure investment is now funded by private capital in emerging markets. But relative to needs, such private investment is progressing slowly. Governments are reluctant to raise consumer prices to cost-covering levels, while investors, mindful of experience, fear that governments may renege on promises to maintain adequate prices over the long haul. So investors ask for government support in the form of grants, preferential tax treatment, debt or equity contributions, or guarantees. These subsidies differ in how they allocate risk between private investors and government. Efficiency gains are greatest when private parties assume the risks that they can manage better than the public sector. When governments establish good policies-especially cost-covering prices and credible commitments to stick to them-investors are willing to invest without special government support. Privatizing assets without government guarantees or other financial support is possible, even where governments are politically unable to raise prices, because investors can achieve the returns they demand by discounting the value of the assets they are purchasing. But this is not possible for new investments (greenfield projects). If prices have been set too low and the government is not willing to raise them, it must give the investor financial support, such as guarantees and other forms of subsidy, to facilitate worthwhile projects that would not otherwise proceed. But guarantees shift costs from consumers to taxpayers, who subsidize users of infrastructure services. Much of that subsidy is hidden, since the government does not record the guarantee in its fiscal accounts. And taxpayers provide unremunerated credit insurance, as the government borrows based on its ability to tax citizens if the project fails, not on the strength of the project itself. This paper-a joint product of the Regulatory Reform and Private Enterprise Division, Economic Development Institute, and the Private Participation in Infrastructure Group-was presented at the conference Managing Government Exposure to Private Infrastructure Projects: Averting a New-Style Debt Crisis, held in Cartagena, Colombia, May 29030, 1997. Mansoor Dailami may be contacted at [email protected].
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