Business-promoted city-regionalism? New Industrial City projects by China Fortune Land Development

Yi Li and Feng Yuan

Regional Studies, 2022, vol. 56, issue 3, 355-370

Abstract: Drawing upon the New Industrial City (NIC) projects by China Fortune Land Development (CFLD), a Shanghai stock-listed top 10 real estate enterprise, this article accounts for the emergence of business-promoted city-regionalism as a novel mechanism for industrial zone development in small cities near large metropolises. Lacking sufficient capital and professional personnel, local governments of these small cities made long-term contracts with CFLD, a private company, to build and develop industrial zones under the brand CFLD NIC. This novel phenomenon demonstrates the state orchestration of business-promoted city-regionalism, namely, a variegated form of state entrepreneurialism prevalent in China.

Date: 2022
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DOI: 10.1080/00343404.2021.1947484

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