Emerging Markets

China Invites Private Investors To Help Fund Over 1,000 Projects Worth $318 Billion

China PMIChina’s economic planner, the National Development and Reform Commission (NDRC), on Monday said it is seeking private funding for over 1.97 trillion yuan ($317.75 billion) worth of public projects, according to a statement posted on their official website.

China’s NDRC unveiled a list of 1,043 public-private partnership (PPP) projects on its website that it is inviting private investors to help fund, build, and operate in the government’s latest effort to jump-start its flagging economy.

According to the list, there are projects planned for 29 areas which include the capital of Beijing and the southeastern Jiangxi province.

“The publication of this library of PPP projects is to help speed up the adoption of the PPP model, and to encourage and guide social capital into the provinces, autonomous regions and municipalities,” according to the NDRC statement.

“These PPP projects would be a boon to the infrastructure sector, which also benefits from China’s ‘One Belt, One Road’ initiative,” Zhang Chen, an analyst at Shanghai-based hedge fund manager Hongyi Investment told Reuters.

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