Abstract
The year of 2016 saw a rise in global protectionism, yet China, though its outbound investment surpassed its inbound investment, turning it into a major capital export country with a substantial amount of outbound investment in the form of infrastructure investment to the One Belt and One Road countries. In this regard, China is using a public and private partnership (PPP) model—a model that is rarely utilised in the Chinese Belt and Road Initiative (B&R) countries, thus providing China with an opportunity to lead the harmonisation and modernisation of PPP laws. Moreover, China is developing its domestic legal institutions that are charged with enacting PPP laws and modernising PPP policymaking. This suggests that China may, at the same time, have the opportunity to facilitate the formation of a harmonised PPP legal regime in the B&R region, incorporating good governance and the principles of inclusivity and sustainable development, contributing to regional economic integration and providing a good example for international economic cooperation.
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Notes
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(Notice on issuing the Interim Measures for the Fiscal Administration of PPP Projects). Author information
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Fu, H. (2019). China’s Response to Protectionism: PPP Under “One Belt One Road”. In: Corbin, L., Perry, M. (eds) Free Trade Agreements. Springer, Singapore. https://doi.org/10.1007/978-981-13-3038-4_5
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