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October 14, 2016

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New PPP projects

THE Ministry of Finance yesterday published new public-private partnership demonstration projects valued at 1.17 trillion yuan (US$174 billion).

This is the third batch of such projects following two others worth 658.9 billion yuan in 2015 and 180 billion yuan in 2014, as the country tries to stimulate social capital to battle the economic downturn.

The 516 newly announced projects cover energy, transport, water conservation, agriculture and education, the ministry said.

PPPs are collaborative projects between government and private companies.


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