Credit Creation Tool Attribute of Urban Planning in China in Recent 30 Years:Theoretical Framework Based on Power,Production and Currency
Compared with the rich accumulation of urban planning practice in China,the localized theoretical development is hardly fruitful.The planning industry is keen on criticizing urban development phenomena that do not conform to planning logic,but failed to organize them into systematic knowledge,let alone explain why these phenomena occur.Based on the theory of credit,this paper expounds a theoretical framework to describe the attributes of urban planning under the system of China:urban planning is a tool to create credit for cities.Within this conceptual framework,urban planning acts as a conduit,channeling the state's intent through the triad of power,production,and currency directly into the fabric of urban spaces,thereby addressing and rectifying institutional shortcomings.This process catalyzes a symbiotic and ever-evolving cycle among the services provided by local governments,the aggregation of production factors,and the facilitation of commercial credit.Such dynamics serve to bolster the urban economy's vitality,endowing urban spaces with valuable credit attributes.Nevertheless,it is imperative that any expansion of urban credit is underpinned by sustainable future income streams;absent this,cities risk descending into a credit bankruptcy crisis.This paper concludes by examining the looming challenges in the expansion of urban credit within China and proposes a duo of policy recommendations aimed at navigating these turbulent waters.