By Guo Lihong　

Date: 2004/08/02

Abstract:　　

The private capital investments are usually more efficient than government projects. Three elements are covered in this study in terms of private capital investment in urban infrastructure: geographic range, capital relationship and property right relations; and the categories for private capital to enter urban infrastructure are then identified. By 2020, the urban population in China would be doubled whereas urban constructed areas will be quadrupled, and huge potential demand in urban infrastructure provides a vast field for private capital. Looking from a wider perspective, it can be seen that private capital is to take the charge of industrial integration by breaking the small-peasant economic pattern of the government capital.