Dehao Shi

Spatially selective development finance: The uneven geography of county-level local government bonds in China

Local government bonds (LGBs) constitute a form of spatially selective development finance, combining top-down selectivity in quota allocation and bottom-up selectivity in borrowing capacity and mechanisms under uneven institutional and market conditions. Drawing on a dataset cov...

State entrepreneurialism under economic transition: Bounded rationality in China’s high-speed rail new town governance

Drawing on 16 high-speed rail (HSR) new towns along the Beijing–Shanghai corridor, this paper develops a middle-range explanation of how state entrepreneurialism is practiced and differentiated under conditions of economic transition in China. While the notion of state entreprene...