Experts: PPP should focus on quality, risk avoidance

The public-private partnerships that China is now promoting should not be seen or used as a new channel of financing for the government, and preventing financial risk as well as economic upgrading shall always be seen as top priorities, a government official said.

Shi Yaobin, vice-minister of finance, made the remarks when addressing a recent forum on China's PPP development at Peking University. The forum also announced the establishment of the PPP Research Center at Peking University.

Shi said that while the PPP mode is growing along with a rapidly developing market, some issues exist amid the growth of the sector, such as paying too much attention to expanding the number of PPP projects instead of focusing on the quality of existing projects, as well as lack of attention in preventing financial risks.