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Plan and market mismatch: Urban redevelopment in Beijing during a period of transition
Author(s) -
Fang Ke,
Zhang Yan
Publication year - 2003
Publication title -
asia pacific viewpoint
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.571
H-Index - 38
eISSN - 1467-8373
pISSN - 1360-7456
DOI - 10.1111/1467-8373.00190
Subject(s) - redevelopment , beijing , real estate , plan (archaeology) , business , estate , economy , economic growth , political science , economics , china , geography , finance , archaeology , law
With the emergence of the real estate market since 1990, the operation Beijing's economy has led to a re‐shaping of its inner city. By reviewing the Old and Dilapidated Housing Redevelopment (ODHR) programme in Beijing in the 1990s, this paper seeks to uncover the forces that led to the prevailing large‐scale urban redevelopment which induced serious environmental and socio‐economic problems. By analysing conflicts between major stakeholders of the ODHR programme, the paper finds that the root cause of these problems was embedded in the ‘mismatch of plan and market’ by which local officials and local developers utilised their privileges inherited from a planned economy to benefit from the emerging real estate markets. As a result, the hidden agenda of local elites was facilitated during the urban redevelopment process.