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Urban growth, from manufacturing to consumption and financialization: the case of China’s contemporary urban development

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  • Thierry Theurillat

Abstract

This article provides an empirically based novel research framework addressing ‘the land/built environment–finance and economic development nexus’ of China’s urban growth model. First, urban growth must be viewed beyond manufacturing and production activities to incorporate consumption activities. Mega-projects and infrastructure development have gradually become dependent on the incomes and spending of increasingly mobile consumers and residents. Second, the article highlights the ‘Chinese type’ of financialization of the built environment. As financial assets, urban land and real estate have been connected to newly emerging finance capital actors and circuits nationwide, as well as to direct cross-regional property investments made by urban households.

Suggested Citation

  • Thierry Theurillat, 2022. "Urban growth, from manufacturing to consumption and financialization: the case of China’s contemporary urban development," Regional Studies, Taylor & Francis Journals, vol. 56(8), pages 1244-1258, August.
    • Handle: RePEc:taf:regstd:v:56:y:2022:i:8:p:1244-1258
    DOI: 10.1080/00343404.2021.1901871
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    Cited by:

    1. Chengwei Xu & Guanie Lim, 2024. "Global Britain, Belt and Road Initiative, and New Southbound Policy: Which One Matters to Southeast Asia?," GRIPS Discussion Papers 24-05, National Graduate Institute for Policy Studies.
    2. Ryanne Flock, 2024. "Creating the spectacular city in everyday life: A governance analysis of urban public space in China," Urban Studies, Urban Studies Journal Limited, vol. 61(6), pages 1094-1110, May.
    3. Zhenfa Li & Fulong Wu & Fangzhu Zhang, 2023. "State de-financialisation through incorporating local government bonds in the budgetary process in China," Journal of Economic Geography, Oxford University Press, vol. 23(5), pages 1169-1190.

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