Getting it Right: Financing Urban Development in China

Richard M. Bird ()

No 413, International Tax Program Papers from International Tax Program, Institute for International Business, Joseph L. Rotman School of Management, University of Toronto

Abstract: This paper is a brief review of some issues in urban finance facing China’s larger cities. It argues that at present many key aspects of the ways in which local and metropolitan governments finance infrastructure and services in China seem to be both too obscure for proper accountability and too perverse for efficient use of scarce urban land and capital. Given the importance of urban areas for sustained national development, it is important to get urban finance “right” in the sense of providing the right signals to both public and private actors in urban development. Some suggestions are made on how this might perhaps be done by better designed user charges, property taxes, and other instruments.

Keywords: China; urban finance; user charges; local taxes; infrastructure finance; public-private partnerships (search for similar items in EconPapers)
JEL-codes: O18 H71 R51 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-sea, nep-tra and nep-ure
Date: 2004-08, Revised 2004-11
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http://www.rotman.utoronto.ca/iib/ITP0413.pdf (application/pdf)

Related works:
Working Paper: Getting it Right: Financing Urban Development in China (2004)
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Persistent link: http://EconPapers.repec.org/RePEc:ttp:itpwps:0413

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