Privatization Framework and Chinese Infrastructure: Sanya Phoenix Airport Case Study

This manuscript delves into the privatization paradigm within Chinese infrastructure, utilizing the Sanya Phoenix Airport as a pivotal case study. It scrutinizes the implications of privatization theory alongside the residual effects of the planned economy on the operational efficacy and challenges of infrastructure projects. Through an incisive literature review and a detailed examination of the airport's evolution under HNA Group's privatized stewardship, this study elucidates the enhancements in operational efficiency juxtaposed with enduring challenges, notably financial duress. The analysis furnishes nuanced insights into the ramifications of privatization for infrastructure development in China, proffering cogent policy and strategic recommendations to foster sustainable advancement.