Journal ArticleDOI
Real Estate FDI in Chinese Cities: Local Market Conditions and Regional Institutions
Canfei He,Yangang Zhu +1 more
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TLDR
In this article, the importance of market conditions and local institutions in determining the locational pattern of foreign direct investment in real estate development (FDIRE), a major component of China's urban growth since the 1980s, was tested.Abstract:
Two China-based geographers test the importance of market conditions and local institutions in determining the locational pattern of foreign direct investment in real estate development (FDIRE), a major component of China's urban growth since the 1980s. Using data from 35 major Chinese cities, they trace the diffusion of FDIRE from a concentration in China's major coastal cities in the late 1990s to a more dispersed pattern including large inland cities in 2008. In addition to investigating the general association between FDIRE, local market opportunities, and liberalized economies/more developed land markets, the authors assess differences in the locational behaviors of developers from Hong Kong-Taiwan-Macao and foreign countries. A concluding section explores the implications of FDIRE activity for the restructuring of China's urban system. Journal of Economic Literature, Classification Numbers: F210, L850, O180, R330. 3 figures, 7 tables, 35 references.read more
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China's Infrastructure Investment Boom and Local Debt Crisis
TL;DR: In this paper, a noted Hong Kong-based economist addresses the emerging financing problems prompted by debt-laden local governments in China in the aftermath of the global financial crisis, using the most recent data available, he traces the root of China's local debt overhang to a protracted debt-financed infrastructure investment boom.
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New geography of land commodification in Chinese cities: Uneven landscape of urban land development under market reforms and globalization
Tao Liu,George C. S. Lin +1 more
TL;DR: In this article, the authors examine the popular practice of land commodification as a means of local revenue generation in Chinese cities and identify the uneven landscape emerging as a consequence of land-financed urbanization.
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Balancing urban growth and ecological conservation: A challenge for planning and governance in China.
TL;DR: It is shown that policies that could facilitate the integration of natural resource protection into urban planning exist on paper, but the prevailing incentives and institutional arrangements between the central and local governments prevent this kind of integration.
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Explaining divided cities in China
Brenda Madrazo,Ronald van Kempen +1 more
TL;DR: In this paper, the authors examined how authors explain urban socio-spatial divisions in Chinese cities and showed that the influence of the state, its institutions, and the cultural background has a much stronger explanatory power in China than in the West.
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Real estate market factors and foreign real estate investment
TL;DR: In this article, the authors examined the effects of real estate market factors on foreign real estate investment (FREI) in 31 countries (inclusive of developed countries and emerging market economies) between 2000 and 2008.
References
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Journal ArticleDOI
The Chinese Hukou System at 50
TL;DR: Wang et al. as mentioned in this paper presented a retrospective analysis of China's hukou (household registration) system on the occasion of the 50th anniversary of its promulgation, reviewing the history of that system from a broad socio-political perspective.
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The State, Land System, and Land Development Processes in Contemporary China
George C. S. Lin,Samuel P. S. Ho +1 more
TL;DR: In this paper, a dual-track land system in China is analyzed, characterized by significant asymmetry for arbitrage, and it is shown that the loss of farmland to non-agricultural developments has slowed down in recent years, that the state's intention to increase land use efficiency has been severely compromised by the socialist legacy.
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Land market forces and government's role in sprawl
TL;DR: Wang et al. as mentioned in this paper analyzed urban sprawl in China through a comparative approach, comparing the pattern and driving forces of sprawl, and found that the presence of interest groups within the public sector makes government consensus over sprawl hard to reach, which aggravates the sprawl problem.
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Emerging land markets in rural and urban China : policies and practices
Samuel P. S. Ho,George C. S. Lin +1 more
TL;DR: Wang et al. as mentioned in this paper examined the evolution of China's land system in the past two decades and concluded that the development of land markets is still at an early stage, that the conversion of land to non-agricultural use continues but at a slower pace, and that illegal land use is pervasive.
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Determinants of foreign direct investment in services
Ivar Kolstad,Espen Villanger +1 more
TL;DR: This article examined the host country determinants of FDI flows in services as a whole, and in the major service industries, finding that institutional quality and democracy appear more important for FDI in services than general investment risk or political stability.