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Cited by 49Housing, Finance, and NeoliberalismPolitical Economy and MarxismUrban Planning and Governance

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What does the state do in China’s state-led infrastructure financialisation?

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Liu, Imogen T, Dixon, Adam D·2022·Journal of Economic Geography
DOI 10.1093/jeg/lbac009
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Abstract

China’s state-led financialisation of infrastructure is an alternative narrative to prevailing accounts of neoliberal financialisation in the advanced capitalist core, where the expansion of private market-based finance-led growth is theorised to transform traditional forms of public infrastructure development and production-based growth. Drawing on the case of Chinese state capital investment in Europe, we demonstrate empirically how the imperative to financialise infrastructure development is emergent from and contingent upon a productivist mode of capitalist development. We articulate two key transformations in which Chinese state capital is being used to leverage financial best practice and its network properties in service of the real economy.

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Metadata

Authors
Liu, I. T., & Dixon, A. D.
Affiliations
Maastricht University (NL)
Corresponding author
Liu, Imogen T
ORCID
Venue
Journal of Economic Geography
Publisher
Oxford University Press (OUP)
Published
2022-05-02
Volume
22
Issue
5
Pages
963-988
ISSN
  • 1468-2702 (ISSN-L)
  • 1468-2710
DOI
10.1093/jeg/lbac009
OpenAlex
W4226183980
Cited by
49
References
0
Citations by year
2026: 7 · 2025: 8 · 2024: 24 · 2023: 8 · 2022: 2
FWCI
7.69
Type
journal article
Language
en
Open access
Licence
Locations
  • Journal of Economic Geography (publishedVersion, cc-by)
  • Research Publications (Maastricht University) (publishedVersion, cc-by)
  • RePEc: Research Papers in Economics (submittedVersion)
  • Research Publications (Maastricht University) (submittedVersion, other-oa)
  • Data Archiving and Networked Services (DANS) (submittedVersion, other-oa)
Funders
  • European Research Council
  • European Union’s Horizon 2020 (758430)
  • European Cooperation in Science Technology (CA18215)
  • China in Europe Research Network
Topics
  • Social Sciences › Economics, Econometrics and Finance › Finance › Housing, Finance, and Neoliberalism
  • Social Sciences › Sociology and Political Science › Political Economy and Marxism
  • Social Sciences › Urban Studies › Urban Planning and Governance
Keywords
state-led development, financialization, neoliberalism, public infrastructure, financial networks, real economy, Chinese economic development

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Liu, I. T., & Dixon, A. D. (2022). What does the state do in China’s state-led infrastructure financialisation? Journal of Economic Geography. https://doi.org/10.1093/jeg/lbac009