Financing Urban Development in China

John Anderson

Chinese Economy, 2009, vol. 42, issue 2, 48-62

Abstract: Urban areas in several regions of China are exploding with growth and expanding at a rapid pace. This article examines the revenue sources local governments may use to finance the costs of rapidly expanding infrastructure and provide local public services. Starting with an examination of current urban development policy, recent reform proposals for urban land development and housing construction tax and fee reforms are studied. The primary focus is on the policy debate as to whether the existing system of multiple real estate taxes and fees, often applied once at the time of house purchase, should be converted into a unified real estate tax requiring annual payments. The potential impacts of this policy change on housing prices and patterns of housing development are analyzed.

Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://mesharpe.metapress.com/link.asp?target=contribution&id=X452V4417V456280 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:chinec:v:42:y:2009:i:2:p:48-62

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MCES20

Access Statistics for this article

More articles in Chinese Economy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().