DEFINITION AND ESSENCE ANALYSIS OF PUBLIC-PRIVATE PARTNERSHIP (PPP) MODEL

Abstract

PPP model has become an important means to reduce the financial burden in the new normal, and PPP model in China has a certain difference with the PPP model overseas. Based on the analysis of the characteristics of PPP model, the definition of PPP model according with realistic of China is proposed; the advantages of PPP model are analyzed from helping the transformation of government functions, promoting investment diversification, and reasonable risk allocation etc.; through analysis of partnership concept, the essence of PPP model is put forward, which is the complementary advantages of the government and social capital.