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Private Participation in Infrastructure in China : Issues and Recommendations for the Road, Water, and Power Sectors

Author

Listed:
  • Michel Bellier
  • Yue Maggie Zhou

Abstract

Infrastructure has played a major role in China's rapid development. Over the past decade the road network expanded by more than 40 percent, water production grew by more than 50 percent, and China has become the world's second largest energy producer. However, foreign direct investment in infrastructure accounts for a small share of foreign direct investment flows and for only 10 percent of total investment in infrastructure. Meeting the demand for cheaper, more reliable, and more efficient infrastructure services will require more than US$75 billion a year over the next decade. Increasing the participation of the private sector, domestic and foreign is an obvious policy option. Public-private partnerships can reduce the fiscal subsidies on public agencies and improve the targeting of subsidies to poor people, students, the elderly and other disadvantaged groups. This report reviews China's current framework for private participation in infrastructure. It also compares China's experiences with those of other countries, providing legal, regulatory, and financial framework recommendations as well as sector-specific suggestions.

Suggested Citation

  • Michel Bellier & Yue Maggie Zhou, 2003. "Private Participation in Infrastructure in China : Issues and Recommendations for the Road, Water, and Power Sectors," World Bank Publications - Books, The World Bank Group, number 15156, December.
    • Handle: RePEc:wbk:wbpubs:15156
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    References listed on IDEAS

    as
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    Cited by:

    1. Zhang, Yanlong, 2014. "From State to Market: Private Participation in China’s Urban Infrastructure Sectors, 1992–2008," World Development, Elsevier, vol. 64(C), pages 473-486.
    2. José Luis Navarro-Espigares & José Aureliano Martín-Segura, 2010. "Public--private partnership and regional productivity in the UK," The Service Industries Journal, Taylor & Francis Journals, vol. 31(4), pages 559-580, May.

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