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Neoliberalization in urban governance at the real estate turn: perspective from urban redevelopment in China

In: A Research Agenda for Real Estate

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  • Xiang Li

Abstract

A new effort in China's economic transformation in cities is to form a participatory governance structure and promote real estate development. This effort has unfolded a second wave of Neoliberalisation that follows the first wave of marketization in the 1980s. This chapter explores the variegated transformation and localisation of neoliberalism by comparing these two waves Neoliberalisationin the context of changing urban governance in China. Findings reveal that the second wave of neoliberalism is increasingly connected with new modes of power configuration, concerned specifically with the deregulation and involvement of excluded social groups. The participatory governance structure is merely the consequences of participatory policy changes to address practical issues of urban (re)development rather than an overturn of the entire authoritarian institutional and political complex. The policy mobility in China is consistent with the institutional restructuring elsewhere in the Global South, reflecting a worldwide shift towards the real estate turn.

Suggested Citation

  • Xiang Li, 2022. "Neoliberalization in urban governance at the real estate turn: perspective from urban redevelopment in China," Chapters, in: A Research Agenda for Real Estate, chapter 12, pages 225-243, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:19609_12
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