Business-promoted city-regionalism? New Industrial City projects by China Fortune Land Development. Issue 3 (4th March 2022)

• Record Type: Journal Article
• Authors: Li, Yi; Yuan, Feng
• Is Part Of: Regional studies. Volume 56:Issue 3(2022)
• Page Start: 355
• Page End: 370
• Publication Date: 2022-03-04
• Subjects: business -- city-regionalism -- state entrepreneurialism -- China Fortune Land Development (CFLD) -- China; R11 -- R58; Regional planning -- Periodicals; Regional planning -- Great Britain -- Periodicals; 307.14
• DOI: 10.1080/00343404.2021.1947484
• Languages: English
• ISSNs: 0034-3404

Abstract

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.