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http://dx.doi.org/10.3741/JKWRA.2022.55.3.217

Development of China's water public-private partnership and the growth of Chinese water players  

Oh, Jihye (Graduate School of International Studies, Global Research Institute, Korea University)
Publication Information
Journal of Korea Water Resources Association / v.55, no.3, 2022 , pp. 217-227 More about this Journal
Abstract
Since China adopted Public-Private Partnerships (PPPs) in the water sector in the early 1990s, PPPs have played a key role in improving infrastructure development in China. As the Chinese water market became one of the most enormous and potential existing in the world, once a water player settles down in the market, the company tends to be the world-leading water player on the basis of the number of people served from water infrastructure. Unlike the early PPP period overwhelmed by several water transnational corporations, local water players began to dominate the domestic market and have recently expanded their influence overseas. The Chinese government has continuously intervened to promote private sector participation of local water players in the PPP development process in legal and institutional aspects. Thus this article examined the development of water PPPs in China and analyzed the successful elements of local water players' growth related to the government policy.
Keywords
China; Public-private partnership; PPP; Water; PSP; Chinese company; SOE;
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