Some local governments in China are letting private corporations develop new cities and provide public services
Highly interesting article, thanks for writing this.
There’s a math error in the below part. 2 billion / 60 ≈ 30 million. For this to make sense I’m guessing that taxes generated in Jiaolong should be increased by factor of 10. 70 million in taxes from sounds very low for economic activity of 3 billion. It’s slightly more than 2%. In xihangang it’s 20 %.
“Comparing the taxation per square km, we have $14 million for Jiaolong and $3 [million] for Xihanggang. Comparing employment per square km, we have 30,000 for Jiaolong and 1,300 for Xihanggang.”