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Infrastructure financing for urban in China: Situation and ways. Junsheng Li Ph.D. Professor in Economics, Deputy President The Central University of Finance & Economics Beijing, P. R. China, 100081 Email: fredli@cufe.edu.cn Phone: (8610) 6228-8014, 8636-0370.
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Infrastructure financing for urban in China:Situation and ways Junsheng Li Ph.D. Professor in Economics, Deputy President The Central University of Finance & Economics Beijing, P. R. China, 100081 Email: fredli@cufe.edu.cn Phone: (8610) 6228-8014, 8636-0370
Financing infrastructures: management • Government budget • Domestic loans • Bond • Foreign capital • Self-financing • Other
Financing infrastructures:structure of funds--all nation %; 1999, China Statistics: 2000
Financing infrastructures: Structure of Funds—Nanjing %; Nanjing Social Sciences 2000, Jiangsu, province China.
Financing infrastructures: problems • Hard to finance • Heavy debt burden
How to finance for infrastructures—case 1 • Shanghai Urban Construction Investment: capitalization • Established in 1992 for Pudong development: Corporationized • Collect funds: more than 100 billion Yuan(RMB, or $US 12.2 billion) from 1996 to 2000; 60% of the all funds • Capitalization
How to finance infrastructures—case 2 • Urumuqi Waste Disposal Project: intergovernmental transfer-payment • Budgetary estimate: 110 million Yuan ($ US 13 million) • Central government grants: 30 million Yuan($ 3.7 million) • Local government budget: 50 million Yuan($ 61 million) • Loan:30 million Yuan($3.7 million)