Yi, F;
Wu, F;
Fangzhu, Z;
(2021)
Changing roles of the state in the financialization of urban development through chengtou in China.
Regional Studies
10.1080/00343404.2021.1900558.
(In press).
Preview |
Text
Wu_00343404.2021.pdf - Published Version Download (1MB) | Preview |
Abstract
While the enabling role of the state in the financialization of urban development has been widely noted, the changing and variegated roles of different state actors have been less explored. This paper investigates this issue based on chengtou as financial agencies in China. First, we show that financialization is not merely a state-led process, but that the state also restricted financialization at different stages. Second, albeit with stringent central regulations, local states have striven to support chengtou, which demonstrates intrastate divergence. Third, we illustrate the performance of local states across regions to show that financialization further differentiates the patterns of local financing.
| Type: | Article |
|---|---|
| Title: | Changing roles of the state in the financialization of urban development through chengtou in China |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1080/00343404.2021.1900558 |
| Publisher version: | https://doi.org/10.1080/00343404.2021.1900558 |
| Language: | English |
| Additional information: | © 2021 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. |
| Keywords: | financialization, state, chengtou, China, urban development |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > The Bartlett School of Planning |
| URI: | https://discovery-pp.ucl.ac.uk/id/eprint/10124498 |
Archive Staff Only
 |
View Item |
