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2023 | OriginalPaper | Buchkapitel

9. Development Finance: A Financing Platform Between the Government and the Market

verfasst von : Liu Weiping

Erschienen in: Social Trust

Verlag: Springer Nature Singapore

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Abstract

This chapter points out that the core of development finance with Chinese characteristics is to build a “bridge” between the government and the market. Development finance addresses the phenomenon of “market failure” due to information asymmetry and alleviates the problem of “government failure” due to the inefficiency of fiscal subsidies and other funds through government intervention in financial markets.

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Fußnoten
1
Yuan Leping, Chen Sen, Yuan Zhenhua, Development Finance: New Meaning, Theoretical Orientation and Reform Direction, Jiangxi Social Sciences, 1st issue, 2012.
 
2
Chen Yuan, Between the Government and the Market—China's Exploration of Development Finance, Beijing: CITIC Press, 2012.
 
3
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4
Chen Yuan, Between the Government and the Market—China's Exploration of Development Finance, Beijing: CITIC Press, 2012; “Research on the Practice of Developmental Finance with Chinese Characteristics” research group, Theory and Practice of Development Finance with Chinese Characteristics, Research on Development Finance, 4th issue, 2017.
 
5
Chen Yuan, Give Play to the Role of Development Finance to Promote the Sustainable Development of China's Economy And Society, Management World, 7th Issue, 2004.
 
6
Chen Yuan, Development Finance and China's Urbanization Development, Economic Research Journal, 7th issue, 2010.
 
7
Chen Yuan, Development Finance and China's Urbanization Development, Economic Research Journal, 7th issue, 2010.
 
8
Research Institute of China Development Bank, The "Wuhu Model" of Development Finance, Shanghai City Development, 1st issue, 2011.
 
9
Koh King Kee, The real story of China's involvement in Sri Lanka's Hambantota Port, Beijing Weekly, September 29, 2018. http://​www.​beijingreview.​com.​cn/​shishi/​201809/​t20180929_​800143048.​html.
 
10
Koh King Kee, The real story of China's involvement in Sri Lanka's Hambantota Port, Beijing Weekly, September 29, 2018, http://​www.​beijingreview.​com.​cn/​shishi/​201809/​t20180929_​800143048.​html; Mao Jianming, An Analysis of the Practice and Experience of Chinese Enterprises Investing in Hambantota Port, Indian Ocean Economic and Political Review, 3rd issue, 2020.
 
11
Shahar Hameiri, Debunking The Myth of China's “Debt-Trap Diplomacy”, The Interpreter Website, September 9, 2020, https://​www.​lowyinstitute.​org/​the-interpreter/​debunking-myth-china-s-debt-trap-diplomacy, Mao Jianming, An Analysis of the Practice and Experience of Chinese Enterprises Investing in Hambantota Port, Indian Ocean Economic and Political Review, 3rd issue, 2020.
 
12
Shahar Hameiri, Debunking The Myth of China's “Debt-Trap Diplomacy”, The Interpreter Website, September 9, 2020, https://​www.​lowyinstitute.​org/​the-interpreter/​debunking-myth-china-s-debt-trap-diplomacy.
 
13
Song Yinghui, Wang Se, Zhao Liang, An Analysis of the “Chinese Debt Trap Theory”—from the Perspective of Sri Lanka's Government Debt Problem, Contemporary International Relations, 6th issue, 2019.
 
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“President defends China investment in H’tota port”, The island website, October 1, 2020, https://​island.​lk/​president-defends-china-investment-in-htota-port/​.
 
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Meera Srinivasan, It’s China That Happens to Have The Cash Now, Says Sri Lanka Minister, The Hindu Website, October 19, 2020, https://​www.​thehindu.​com/​news/​international/​its-china-that-happens-to-have-the-cash-now-says-sri-lanka-minister/​article32895560.​ece.
 
16
Shahar Hameiri, Debunking The Myth of China's “Debt-Trap Diplomacy”, The Interpreter Website, September 9, 2020, https://​www.​lowyinstitute.​org/​the-interpreter/​debunking-myth-china-s-debt-trap-diplomacy.
 
Metadaten
Titel
Development Finance: A Financing Platform Between the Government and the Market
verfasst von
Liu Weiping
Copyright-Jahr
2023
Verlag
Springer Nature Singapore
DOI
https://doi.org/10.1007/978-981-99-2931-3_9

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