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Developing by borrowing? Inter-jurisdictional competition, land finance and local debt accumulation in China

Abstract:

Although the investment-oriented development model for economic growth adopted by Chinese governments has generated spectacular results, the risks of debt-financed urbanization and economic development have recently become evident in mounting local debts that are undermining the financial system, triggering concerns with respect to local governments’ indebtedness, financial stability and sovereign risk in China. In this paper, we portray the uneven spatial and temporal dynamics of local gover...

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Publication status:
Not published
Peer review status:
Not peer reviewed
Version:
Author's Original

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Institution:
University of Oxford
Department:
Oxford, SSD, SOGE, Geography
Role:
Author
Publisher:
SAGE Publications (UK and US) Publisher's website
Journal:
Urban Studies: an international journal for research in urban studies Journal website
ISSN:
1360-063X
URN:
uuid:9172022c-ae61-40ef-b4cd-9b64f729f999
Source identifiers:
579455
Local pid:
pubs:579455

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