Download pdf
A Comparative Analysis of Public-Private Partnership in China and the United States
- 1 School of Civil Engineering, Suzhou University of Science and Technology, Suzhou, China
* Author to whom correspondence should be addressed.
Abstract
Public-Private Partnership(PPP) is commonly translated as the “cooperation between the government and social capital” model. This model originated in the United Kingdom in 1979 and has been accepted and used by many countries, and the model has played a role in promoting economic development and improving the level of public services in China. In the United States, this model can reduce the financial pressure on the government and improve the efficiency of project construction and operation. China first introduced the PPP model in the 1980s,and developed rapidly after 2024. In China, bank loans are the major financing channel for PPP projects. This paper selects China and the United States as examples to analyze the PPP model, using SWOT analysis and case studies to analyze the advantages and disadvantages of PPP. This study identifies distinct advantages of the PPP model in both China and the United States, with China presenting a greater number of development opportunities. Additionally, it reveals similarities in the potential threats faced by both nations. The paper concludes with recommendations advocating for a collaborative effort between China and the United States, emphasizing the mutual benefits of shared learning and cooperation.
Keywords
PPP method, Comparison between China and the United States, Financing project, The impact of policies on PPP, SWOT method
[1]. Fan Bi, Guo Lian, Du Shuai & Sun Xinru. (2015). Optimizing the Structure and Management of Local Government Debt by Using PPP Model: The Practice and Reference of PPP Model for Infrastructure Investment and Financing in the United States. Research of Development Finance(04),44-47.doi:10.16556/j.cnki.kfxjr.2015.04.006.
[2]. Xie Zhongyong. (2019). Exploring the financing dilemma and countermeasures of PPP projects. Heilongjiang Transportation Science & Technology(08), 186+189. doi:10.16402/j.cnki.issn1008-3383.2019.08.099.
[3]. Tang Liuwen, Nie Yuange & Guo Jingyi. (2018).120 billion yuan! Where did the money come from to build the Hong Kong-Zhuhai-Macao Bridge?. Pearl River Water Transport (20), 32-34. doi:10.14125/j.cnki.zjsy.2018.20.010.
[4]. Fan Liu. (2024). Research on the Legal Mechanism of Government Supervision of PPP Projects in China (Master's Thesis, Hunan Institute of Technology https://link.cnki.net/doi/10.27906/d.cnki.gnghy.2024.000542doi:10.27906/d.cnki.gnghy.2024.000542).
[5]. Huang Taiyan. (1997). The Workings of the U.S. Labor Market. Journal of Chinese University of China (02), 21-26+129.
[6]. Chang Yanan & Wang Songjiang. (2016). Research on risk sharing of infrastructure PPP projects under the background of the Belt and Road Initiative. Scientific and Technological Progress and Countermeasures(16),102-105.]
[7]. Zhang Runxing. (2014). A Preliminary Study on the Organic Renewal and Reuse of Existing Old Buildings in the United States. City (01), 50-53.
[8]. Xu Lei. (2009). Divestment of Multinational Corporations in China and Its Prevention under the Financial Crisis. Contemporary Finance & Economics (12), 95-101.
Cite this article
Jiang,Y. (2025). A Comparative Analysis of Public-Private Partnership in China and the United States. Advances in Economics, Management and Political Sciences,174,52-56.
Data availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
Disclaimer/Publisher's Note
The statements, opinions and data contained in all publications are solely those of the individual author(s) and contributor(s) and not of EWA Publishing and/or the editor(s). EWA Publishing and/or the editor(s) disclaim responsibility for any injury to people or property resulting from any ideas, methods, instructions or products referred to in the content.
About volume
Volume title: Proceedings of the 3rd International Conference on Management Research and Economic Development
© 2024 by the author(s). Licensee EWA Publishing, Oxford, UK. This article is an open access article distributed under the terms and
conditions of the Creative Commons Attribution (CC BY) license. Authors who
publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons
Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this
series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published
version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial
publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and
during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See
Open access policy for details).