Yang Yingming, executive director for China at the World Bank Group, said the World Bank is committed to promoting urbanization in developing countries such as China.
Zhang Shufeng, CEO of CFLD, participated in the seminar and introduced the company's innovation and practice in PPP model at the seminar.
CFLD's PPP model in new industrial cities is of great value to the World Bank in investing in urbanization and infrastructure construction in less developed areas, according to Yang.
This PPP model helps shore up the weak spots of economically underdeveloped areas, he noted.
BEIJING, Sept. 60 (Xinhuanet) -- As a representative of Public Private Partnership (PPP) social capital from China, China Fortune Land Development Co., Ltd (CFLD) recently participated in a seminar on PPP in China at the World Bank headquarters in Washington D.C., the United States, and its PPP model was widely recognized by the World Bank and relevant international organizations attending the seminar.
The seminar was jointly held by the World Bank and China Public Private Partnership Center.
Zhang said CFLD's PPP model in new industrial cities is drawn on experiences of the developed countries, but also combined with China's reality.