Emerging spaces of neoliberal urbanism in China: Land commodification, municipal finance and local economic growth in prefecture-level cities

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Developing by borrowing? Inter-jurisdictional competition, land finance and local debt accumulation in China (2017, background): “…guoyou tudi shiyongquan guiding) and mandated land conveyance to be undertaken through the market track of public tender, auction and listing, land premiums have quickly become a major source of revenue (Lin and Yi, 2011; Lin and Zhang, 2014; Lin et al., 2014; Liu and Lin, 2014; Tao et al., 2010).”
Land Transfer and the Pursuit of Agricultural Modernization in China (2015, background): “It is estimated that land commodification has become a major source of municipal finance: accounting for over 30 per cent of total municipal budgetary revenue and nearly 40 per cent of the funding for urban maintenance and construction (Lin and Zhang 2014).”