Guideline to boost investment via PPPs

Analysts have highlighted the need for private and foreign capital to boost investment as local governments, facing a funding gap of trillions of yuan, look for ways to spur big construction projects.

On Friday, just a day after the finance minister met the media at a news conference, the Ministry of Finance released the final version of a guideline to encourage financing through the public-private partnership model. Funding from the private sector and foreign investors is welcomed for government-led projects, a document released on the ministry's website said.

After the release of the guideline for PPP investment, the country's first national PPP law is expected to be issued soon, experts said.