Urban growth, from manufacturing to consumption and financialization: the case of China’s contemporary urban development
基于实证研究，提出分析中国城市增长模式的新框架，强调消费活动和金融化在土地与建筑环境中的作用，对研究中国城市发展和经济地理的学者有参考价值。
This article provides an empirically based novel research framework addressing ‘the land/built environment–finance and economic development nexus’ of China’s urban growth model. First, urban growth must be viewed beyond manufacturing and production activities to incorporate consumption activities. Mega-projects and infrastructure development have gradually become dependent on the incomes and spending of increasingly mobile consumers and residents. Second, the article highlights the ‘Chinese type’ of financialization of the built environment. As financial assets, urban land and real estate have been connected to newly emerging finance capital actors and circuits nationwide, as well as to direct cross-regional property investments made by urban households.