Gentrification in Urban China under Market Transformation

Abstract

After the reform and opening up in 1978, urban social space has been reconstructing according to market principals in China. With the gradual differentiation of urban social classes and the expansion of the middle class, gentrification has presented itself in metropolises of China in the process of urban renewal. It is a process of social space reconstruction that is initiated and facilitated by the government, and participated by investors, financial institutions and the middle class together. The previous study on gentrification in China pays more attention to physical renewal, neglecting its social function. This paper thinks that it is a process of the reproduction of urban space in the course of market transformation, mainly dominated by governments, among which, the central government aims to construct a harmonious society and the local states purpose is focused on urban management.

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