China’s PPP reforms leave investors wanting more

There have been some successes in the two years since China introduced public-private partnership (PPP) schemes, but there have also been problems, including unqualified projects that some local governments used as a front for borrowing. To regulate the market and give investors more confidence Beijing has issued a series of rules in the past six months, ranging from stricter requirements for projects included on a national PPP database to guidelines on monitoring projects and res…