Faced with an economic downturn and a glut of construction materials, China has turned to infrastructure, domestically and abroad, to build a secure future. Alainna Wrigley reports

In mid-October, the National Bureau of Statistics announced that China’s gross domestic product had experienced 6.9% growth in the third quarter. The figure was lower than the 7% growth of the first half in a year that has already seen the lowest growth figures since 2009.

This was not unexpected. Target growth is set to 7% for the year, a more sober goal for a leadership which clearly recognizes the new economic normal.

President Xi Jinping was among the first to vocalize this plainly. “As an economy closely linked to international markets, China cannot stay immune to the lacklustre performance of the global economy,” he told Reuters in an October interview. “We do have concerns about the Chinese economy, and we are working hard to address them.”

In the past year, China has placed strong emphasis on increasing investment into domestic infrastructure to stabilize growth and support continuing development. “Investment in domestic infrastructure is based in strengthening domestic infrastructure overall,” says Chen Bin, a partner of AnJie Law Firm based in Beijing. “The rise of the PPP [public-private partnership] model in particular has set off an additional upsurge in domestic infrastructure development.”Building the future-Wang Weidong

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Practitioner’s perspectives
Wang Jihong is a partner at Zhong Lun Law Firm PP
An examination of China’s PPP legal practice in 2015
Wang Jihong, Zhong Lun Law Firm
Cao Shan, City Development PP
Use of PPP transaction structure by civil airports in China
Cao Shan, City Development Law Firm