Firstly，this report analyzes the macro-operational situation of PPP in 2020，then analyzes the overall operation，number，scale and layout of PPP projects in 2020，studies the financial affordability of PPP projects at different levels of government nationwide，explains the impact of the PPP industry on the macro environment and technological innovation，and the positive effect of the “new infrastructure and urbanization initiatives and major projects” national development strategy and the continuous optimization of the policy and legal environment on the PPP model. Also objective assessment of the deficiencies of the PPP industry in terms of data disclosure and linkage. Finally，based on the continuous improvement of investment opportunities，business environment and system construction in 2021，China’s PPP industry will still develop smoothly and effectively. The PPP industry will still develop steadily and effectively promote economic and social development in 2021 based on the continuous improvement of investment opportunities，business environment and system construction.