Abstract: Along with the extensive application and popularization of PPP mode in the field of China’s infrastructure constructions, the government debt risks that are closely related to it should be given timely attention and prevention. However, compared to the countries with higher degree of PPP, China is still lacking practical experiences in PPP government debt risk management. When learning from the experiences and practices of foreign countries in the risk management, China should focus on such aspects as the PPP government debt risk management and institutional framework design, the PPP government debt risk supervision and assessment, the PPP government debt budgeting and accounting, and the PPP government debt information disclosure and publicity, etc., so as to guard against and manage the government debt risks that may be triggered off by China’s PPP and to give full play to the positive role of PPP in the financing of infrastructure constructions.

Key words: cooperation between government and social capital (PPP); government debt; risk management; infrastructure constructions