Research on Local Characteristic Industry Construction in Characteristic Towns under Public-Private Partnership Development Mode

Abstract

In recent years, there’s been a global trend of emphasizing the role of local characteristics in steering economic growth. To foster the advancement of local characteristic industries in characteristic towns, the public-private partnership (PPP) model is being adopted. This strategy leverages social resources and governmental incentives to drive both urban and rural progress, thus becoming a silver bullet to bolster the growth of characteristic towns. However, achieving “town-industry integration” and “sustainable development” necessitates shared consensus and understanding among all stakeholders. Given the intricate nature of the PPP mechanism, a comprehensive theoretical framework tailored to Chinese local characteristics is essential. This study scrutinizes the integration of the PPP model into characteristic industries within small Chinese towns. It follows a framework encompassing theoretical characteristics, feasibility analysis, existing problems, countermeasures, and recommendations, as well as future trends. The study employs both inductive reasoning and comparison. The research findings serve to establish a theoretical consensus for the PPP model’s integration with characteristic industries in these towns, benefiting all involved parties.