A Comparative Analysis of Public-Private Partnership in China and the United States

Public-Private Partnership(PPP) is commonly translated as the cooperation between the government and social capital model. This model originated in the United Kingdom in 1979 and has been accepted and used by many countries, and the model has played a role in promoting economic development and improving the level of public services in China. In the United States, this model can reduce the financial pressure on the government and improve the efficiency of project construction and operation. China first introduced the PPP model in the 1980s,and developed rapidly after 2024. In China, bank loans are the major financing channel for PPP projects. This paper selects China and the United States as examples to analyze the PPP model, using SWOT analysis and case studies to analyze the advantages and disadvantages of PPP. This study identifies distinct advantages of the PPP model in both China and the United States, with China presenting a greater number of development opportunities. Additionally, it reveals similarities in the potential threats faced by both nations. The paper concludes with recommendations advocating for a collaborative effort between China and the United States, emphasizing the mutual benefits of shared learning and cooperation.