Fiscal Underpinnings for Sustainable Development in China Rebalancin

This book collects high-quality papers on issues related to the rebalancing strategy in China, new clean cities as “hubs’’, liability management, and involving the private sector, including through PPPs, with specific examples from Guangdong. Guangdo

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iscal Underpinnings for Sustainable Development in China Rebalancing in Guangdong

Fiscal Underpinnings for Sustainable Development in China

Ehtisham Ahmad Meili Niu Kezhou Xiao •

Editors

Fiscal Underpinnings for Sustainable Development in China Rebalancing in Guangdong

123

Editors Ehtisham Ahmad University of Bonn Bonn Germany and London School of Economics London UK and

Meili Niu Center for Chinese Public Administration Research Sun Yat-Sen University Guangzhou, Guangdong China Kezhou Xiao Department of Economics London School of Economics London UK

Pao Yu-Kong Professor Zhejiang University Hangzhou China

ISBN 978-981-10-6285-8 ISBN 978-981-10-6286-5 https://doi.org/10.1007/978-981-10-6286-5

(eBook)

Library of Congress Control Number: 2017955263 © Springer Nature Singapore Pte Ltd. 2018 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore

Foreword I

The world is urbanizing at an extraordinary pace. In nowhere is this more important than in China where the process has been moving rapidly over the last few decades and will continue to do so. We already see the difficult consequences, in terms of congestion, pollution, and urban sprawl of some of the earlier decisions, explicit or implicit, around the growth of towns and cities. If the lock-in, in terms of long-lasting infrastructure, of still further difficulties is to be avoided, strong development and urban planning decisions have to be taken now. The prize, if this goes well, is attractive cities where people can move, breathe, and be productive. If it goes badly, standards of living in cities will be deeply compromised. Many of China’s problems, and this is true