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Article featured in Business Beijing, July 2004
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PPP Forum

2004/07/15

The idea of public-private partnerships is a hot topic being discussed in global economic development circles. The term public-private partnership (PPP) is of even greater significance for the current stage of China's economic development. With China's entry into the World Trade Organization (WTO), and with an ever-improving domestic market economy system, the non-public sector has experienced steady growth and is playing a more important role in the national economy. The non-public sector, together with the public sector, serves as the basis of the economy, promoting the development of a well-off society. However, the development of the private sector in China is still burdened by many problems and obstacles. The central government has been exploring ways to play a more productive role in public-private partnerships, trying to build up a platform for such partnerships.

This is why the Ministry of Finance decided to jointly sponsor the PPP Forum 2004 with the International Finance Corporation. The organizations hope to make the event a high-profile forum during which a broad range of issues are addressed. The upcoming event, which will take place October 24-26 in Huangshan, Anhui Province, will be the first in a series of annual conferences dubbed Discovering New Public-Private Partnerships in Urban Infrastructure.

Officials from the World Bank and the Asia Development Bank have been invited to attend the Forum. Representatives from major domestic and international infrastructure companies, senior business executives and scholars will also be attending this event.

 



 
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