Land financialisation and the financing of urban development in China
Abstract
It demonstrates the operational mechanism of land mortgage and land reserve centre, local government financial vehicle, and chengtou bonds as financial instruments. It highlights the role of land in financing urban development in China. It argues that the land financialisation is a strategy adopted to cope with the economic crisis.
- Publication:
-
Land Use Policy
- Pub Date:
- January 2022
- DOI:
- 10.1016/j.landusepol.2019.104412
- Bibcode:
- 2022LUPol.11204412W
- Keywords:
-
- financialisation;
- land mortgage;
- local government financial vehicles;
- China