China's Infrastructure Investment Boom and Local Debt Crisis

180 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

A variety of capitalism … with Chinese characteristics? (2013, background): “This ‘land-infrastructure-leverage paradigm’ rests on a specific kind of institutional complementarity (Tsui, 2011).”
Land financialisation and the financing of urban development in China (2019, background): “Ward and Swyngedouw (2018) studied the ‘assetization’ of land in northwest England and show how the property developer, the Peel Group, gained the land of the Manchester Ship Canal for its land bank and subsequently used this land asset to mobilise capital in the capital market.”
Developing by borrowing? Inter-jurisdictional competition, land finance and local debt accumulation in China (2017, background): “…measures (a taxsharing system) were introduced in 1994, which enabled the central government to rapidly re-centralise the most lucrative sources of revenue, including value-added tax, resource tax and personal and enterprise income tax (Liu and Lin, 2014; Naughton, 2011; Tsui, 2011; Wu, 2010).”