Implementing State-Private Partnership in Construction in People’s Republic of China
The article is dedicated to a topical problem of implementing state-private partnership in China to carry out major investment construction projects. When building Olympic stadiums in Beijing more than 50% of projects involved state-private partnership and most of them proved to be successful. Such experience may turn out to set a good example for building the infrastructural objects, stadiums, etc while preparing for the World Football Championship of 2018 in the Russian Federation. We give a detailed overview of the structure of state-private partnership, the sources of funding of investment construction projects in China as well as the main structure of the national stadium “Bird’s Nest” in Beijing. During the research we analyze the innovation experience of implementing state-private partnership in the People’s Republic of China, in particular the project of the national stadium “Bird’s Nest” in Beijing. Besides, the key concepts applied in China for implementing major investment construction projects are analyzed.