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首页> 外文期刊>Urban Studies >Industrial capitalisation and spatial transformation in Chinese cities: Strategic repositioning, state-owned enterprise capitalisation, and the reproduction of urban space in Beijing
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Industrial capitalisation and spatial transformation in Chinese cities: Strategic repositioning, state-owned enterprise capitalisation, and the reproduction of urban space in Beijing

机译：中国城市的工业资本化和空间转型：战略重定位，国有企业资本化和北京城市空间的再生产

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This study examines the urbanisation of capital in the context of a socialist economy undergoing profound market transition. It identifies the dynamics of state capital as a missing link' in understanding the variegated forces shaping Chinese cities through a case study of Beijing - China's capital city. Contrary to the popular perception of the rolling back of state-owned enterprises (SOEs) as a natural outcome of capital switching from a declining primary circuit to a booming secondary circuit, this empirical study of urban transformation in the Beijing metropolis identifies an intriguing trajectory of capitalisation without privatisation' whereby the commodification of the land and housing market has been accompanied by a growing share of capital assets under the ownership control of SOEs and a spatial concentration of state capital toward the city centre since the turn of the new century. The development experience centred on the capitalisation of SOEs is shown to be reflective of the new strategic vision to remake Beijing as a national hub of corporate control and the persistent syndrome of soft budget constraint characterising SOEs under a reformed management system that prioritises operational scale and asset appreciation. The new dynamics of state capital in Beijing is found to be associated with eviscerated domestic private investment and the spatial redistribution of rural-urban migrants towards the urban fringe. The case study has implications for ongoing inquiries into the urbanisation of capital in transitional urban China and points to the need to pay adequate attention to the growth and resilience of state capital in the Chinese game' of landed-property production and capital circulation.
机译：这项研究考察了社会主义经济正在经历深刻的市场转型的背景下资本的城市化。通过对北京（中国首都）的案例研究，它确定了在理解塑造中国城市的各种力量的过程中，国有资本的动态是缺失的环节。与普遍认为国有企业（SOE）的回落是资本从下降的初级回路向蓬勃发展的次级回路转换的自然结果相反，这项对北京大都市的城市转型的实证研究确定了一个有趣的轨迹。自新世纪之交以来，土地和住房市场的商品化伴随着国有企业所有权控制下的资本资产份额的不断增长以及国有资本向城市中心的空间集中，伴随着土地和住房市场的商品化。事实证明，以国有企业资本化为中心的发展经验反映出新的战略构想，即将北京重新打造为国家公司控制中心和软预算约束持续存在的综合症，在以经营规模和资产为优先的管理体制改革下升值。人们发现，北京国家资本的新动态与内脏私人投资和农村城市移民向城市边缘的空间再分配有关。该案例研究对正在进行的对转型中的中国城市的资本城市化的研究产生了影响，并指出有必要在中国的土地产权生产和资本流通的博弈中充分关注国有资本的增长和弹性。

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