Stockholm, June 3 (Greenpost) — The State Council, China’s cabinet, pledged to expand the public-private-partnership (PPP) mode to transportation, environmental protection, medical care and old-age sectors on Wednesday.
China will promote the cooperation between governments and social funds to increase the supply of public products and service, which is a key measure to transform government functions, unleash market vitality and foster new growth impetus, according to a statement released after a State Council executive meeting presided over by Premier Li Keqiang.
According to the meeting, China will try to streamline administrative review procedures and attract social funds to participate in the investment and management of public projects.
Meanwhile, the subjects in charge of project operation are encouraged to finance directly through the capital market.
A dynamic adjustment mechanism for public service prices should be established to ensure mutual benefit of both the public and social funds. Enditem

Source  Xinhua

Editor  Xuefei Chen Axelsson