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INFRASTURE INVESTMENT IN CHINA: FROM CENTRAL MONOPOLY TO MULTI-LEVEL PARTNERSHIP

INFRASTURE INVESTMENT IN CHINA: FROM CENTRAL MONOPOLY TO MULTI-LEVEL PARTNERSHIP Abstract This study attempts to understand the post-reform decentralization of infrastructure investment and transfer of responsibility in China. Changes in the institutional configuration of infrastructure investment are a reflection of the ongoing process of state restructuring. Since the economic reform, infrastructure investment has transformed from being an exclusive central state-controlled operation to a central-local bargaining regime. The functions formerly exclusive to the central government are now scaling down to local governments, while scaling out to market actors. This has fuelled the formation of new partnerships in infrastructure development. However, the scaling down and scaling out processes have not led to the total retreat of the central state, nor the relaxation of state control. Using the Wuhan-Guangzhou High Speed Rail as an example, this paper investigates the inter-scalar and relational webs of multi-actor and multi-level governance in financing a major infrastructure project. Our main argument is that the state investment regime has now shifted from an exclusive, national monopoly to an intrinsic partnership, between different tiers of governments, and between the state and the market in order to meet the demands of development and to overcome the hurdles of state budget constraints. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Asian Geographer Taylor & Francis

INFRASTURE INVESTMENT IN CHINA: FROM CENTRAL MONOPOLY TO MULTI-LEVEL PARTNERSHIP

CHEN, Yanyan; XU, Jiang
Asian Geographer , Volume 27 (1-2): 18 – Jan 1, 2010
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18 pages

INFRASTURE INVESTMENT IN CHINA: FROM CENTRAL MONOPOLY TO MULTI-LEVEL PARTNERSHIP

Abstract

Abstract This study attempts to understand the post-reform decentralization of infrastructure investment and transfer of responsibility in China. Changes in the institutional configuration of infrastructure investment are a reflection of the ongoing process of state restructuring. Since the economic reform, infrastructure investment has transformed from being an exclusive central state-controlled operation to a central-local bargaining regime. The functions formerly exclusive to the central...
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Publisher
Taylor & Francis
Copyright
Copyright Taylor & Francis Group, LLC
ISSN
2158-1762
eISSN
1022-5706
DOI
10.1080/10225706.2010.9684156
Publisher site
See Article on Publisher Site

Abstract

Abstract This study attempts to understand the post-reform decentralization of infrastructure investment and transfer of responsibility in China. Changes in the institutional configuration of infrastructure investment are a reflection of the ongoing process of state restructuring. Since the economic reform, infrastructure investment has transformed from being an exclusive central state-controlled operation to a central-local bargaining regime. The functions formerly exclusive to the central government are now scaling down to local governments, while scaling out to market actors. This has fuelled the formation of new partnerships in infrastructure development. However, the scaling down and scaling out processes have not led to the total retreat of the central state, nor the relaxation of state control. Using the Wuhan-Guangzhou High Speed Rail as an example, this paper investigates the inter-scalar and relational webs of multi-actor and multi-level governance in financing a major infrastructure project. Our main argument is that the state investment regime has now shifted from an exclusive, national monopoly to an intrinsic partnership, between different tiers of governments, and between the state and the market in order to meet the demands of development and to overcome the hurdles of state budget constraints.

Journal

Asian Geographer – Taylor & Francis

Published: Jan 1, 2010

Keywords: Wuhan-Guangzhou High Speed Rail; infrastructure investment; multi-level partnership; Pearl River Delta; state restructuring

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