Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
A multi-scalar view of urban financialization: urban development and local government bonds in China
How urban financialization is achieved across different government levels receives limited attention. This study addresses the gap by examining the deployment of China’s local government bonds (LGBs). LGBs introduce a distinct financialization process in which the government relies on debt-financing for urban development, but in a regulated way to constrain financial risks. Urban financialization is realized through the multi-scalar structure of the government. The centralized procedure strengthens central and provincial regulations on local development projects. The multi-scalar government not only facilitates urban financialization but also executes statecraft by designing the process.
A multi-scalar view of urban financialization: urban development and local government bonds in China
How urban financialization is achieved across different government levels receives limited attention. This study addresses the gap by examining the deployment of China’s local government bonds (LGBs). LGBs introduce a distinct financialization process in which the government relies on debt-financing for urban development, but in a regulated way to constrain financial risks. Urban financialization is realized through the multi-scalar structure of the government. The centralized procedure strengthens central and provincial regulations on local development projects. The multi-scalar government not only facilitates urban financialization but also executes statecraft by designing the process.
A multi-scalar view of urban financialization: urban development and local government bonds in China
Li, Zhenfa (Autor:in) / Wu, Fulong (Autor:in) / Zhang, Fangzhu (Autor:in)
Regional Studies ; 56 ; 1282-1294
03.08.2022
13 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Unbekannt
local government bonds , urban financialization , multi-scalar government , China , H74 , H76 , O23 , R51
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