Infrastructure investment in China: A model of local government choice under land financingFiscal competitionLand financingComposition of government expenditureWhat factors contribute to high – even excessive – investment in public infrastructure? One explanation identified in the literature is fiscal ...
What factors contribute to high – even excessive – investment in public infrastructure? One explanation identified in the literature is fiscal decentralization and resulting competition for mobile capital among localities. We elaborate on this explanation for the Chinese context by developing a model of...
On top of the positive economic outlook, China has undertaken a flurry of pro-investment initiatives. The country has promised a moderately proactive approach to advance infrastructure investment in last year's Central Economic Work Conference as well as this year's government work report, aligning ...
Although the investment scale of China's "New Infrastructure" is a relatively small part of the country's overall infrastructure investment, it represents the future. And investment in the future is never too early.RELATED STORIES China launches new communication technology test satellite...
In recent years, China has lined up multi-billion-dollar investment projects in various sectors of Zimbabwe's economy, covering mining, energy, agriculture, telecommunications and manufacturing sectors. China's Shanghai Construction Group is currently constructing a 140 million U.S. dollar parliament ...
BEIJING, April 21 (Xinhua) -- China introduced new measures on Tuesday to encourage private investment in infrastructure and public services. Private investment in areas such as transportation, energy, water and environmental protection can improve public services, said a statement released after a ...
China's centrally administered state-owned enterprises (SOEs) are ramping up investment in new types of infrastructure to facilitate industrial transformation, data from the country's top state-asset regulator showed. In 2021, over 7...
In China, the proportion of investment going towards rail and road infrastructure could expand in the future, accounting for US$18 trillion of the total, while electricity may account for a slightly smaller share of investment than in the past, the report said. ...
Housing prices in China have experienced rapid growth in recent decades, and land finance has long been discussed as an important factor in this growth. In this paper, we explore the interactions among housing prices, land transfer revenue and infrastructure investment from the perspective of governm...
"While each round of scientific and technological revolution introduces new infrastructure, each round of infrastructure construction would bring in an upgrade in economic transformation," he said, voicing optimism in the prospect of new infrastructure investment.With more supporting financial and fiscal ...