Recent years, under the background of urban fiscal crisis and unsustainability of land finance system, urban comprehensive development (UCD), a financing instrument of new town and industry development, as a new mode of urban development with public-private partnership (PPP) has been widely practiced in China. In 2014, the volume of UCD projects investment has reached 1.13 trillion RMB, which exceeded 33% of land transaction income in the same year. The change of the roles of government and market of UCDs gives more evidence into the debates on the state-market relationship between neoliberalism and entrepreneurialism, and the debates on the between land-based and industry-based urban development financing. By analyzing the UCD projects in China, this research aims to fill the research gaps by asking three questions. First, How UCDs have been practiced as an urban development strategy spatially and temporally in China? Second, what are the underlining purpose for government and enterprises to choose UCDs in China? Third, what are the economic, social, and geographical impacts of UCD projects, and why?
About the Speaker:
Mr. Tianzuo WEN is a second-year PhD student in the Department of Urban Planning & Design, The University of Hong Kong. Before joining the department, he gained his master’s degree of regional and urban planning from Peking University and bachelor’s degree from South China University of Technology. His research interests focus on urban development financing and public-private partnerships.
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