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Cities for ProfitThe Real Estate Turn in Asia's Urban Politics$
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Gavin Shatkin

Print publication date: 2017

Print ISBN-13: 9781501709906

Published to Cornell Scholarship Online: May 2018

DOI: 10.7591/cornell/9781501709906.001.0001

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The State Capitalist Growth Machine

(p.176) 5 Chongqing
Cities for Profit

Gavin Shatkin

Cornell University Press

Chongqing has witnessed an extraordinary experiment in urban development intended to deploy land-based finance as a tool to overcome the social and ecological problems that have increasingly beset China’s cities. This experiment included the use of land-based financing to undertake a public housing program that added a remarkable 800,000 units of affordable housing between 2011 and 2015. It also included efforts to accelerate urbanization through reforms to the household registration, or hukou system, and efforts to give farmers greater ability to gain access to the market value of their land. This chapter places the Chongqing experience in the context of China’s state capitalist model of urban development, which is premised on the state’s ownership of all urban land. This model has allowed the state to use commercial land development by state-owned enterprises as a powerful tool for economic growth, infrastructure development, and social engineering.

Keywords:   Chongqing, China, State capitalism, Land-based finance

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