Municipal Asset Management in China's Small Cities and Towns : Findings and Strategies Ahead
Chinese municipalities have developed a large stock of capital assets during a period of rapid growth and urbanization, but have yet to modernize asset management practices. Cities face challenges such as premature decline of fixed assets and spiki...
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| Format: | Working Paper |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/970471488824140310/Municipal-asset-management-in-Chinas-small-cities-and-towns http://hdl.handle.net/10986/26247 |
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okr-10986-262472021-06-14T10:13:45Z Municipal Asset Management in China's Small Cities and Towns : Findings and Strategies Ahead Campanaro, Alessandra Masic, Joanna Kaganova, Olga Fan, Hongye Abdelfattah, Hazem MUNICIPAL FINANCE asset management municipal assets public service delivery urban development Chinese municipalities have developed a large stock of capital assets during a period of rapid growth and urbanization, but have yet to modernize asset management practices. Cities face challenges such as premature decline of fixed assets and spiking liabilities related to operating and maintaining assets. This paper evaluates the asset management practices in three selected small cities and towns in China, using a benchmarking assessment tool followed by an in-depth field assessment. The paper finds that overall performance is below half the international benchmark for good practice in all three cities. Management practices are considerably more advanced for land than for buildings and infrastructure. Key deficiencies in data availability and reporting, governance, capacity, and financial management indicate increased risks for local government finance and the delivery of public services. For small cities and towns where public revenues are often uncertain and limited, urban public services will be at risk of deterioration unless good asset management practices are put in place. The paper recommends strategic actions for upper and lower levels of government, to advance local asset management practices and facilitate the reform agenda. 2017-03-08T21:42:57Z 2017-03-08T21:42:57Z 2017-03 Working Paper http://documents.worldbank.org/curated/en/970471488824140310/Municipal-asset-management-in-Chinas-small-cities-and-towns http://hdl.handle.net/10986/26247 English en_US Policy Research Working Paper;No. 7997 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper East Asia and Pacific China |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
MUNICIPAL FINANCE asset management municipal assets public service delivery urban development |
| spellingShingle |
MUNICIPAL FINANCE asset management municipal assets public service delivery urban development Campanaro, Alessandra Masic, Joanna Kaganova, Olga Fan, Hongye Abdelfattah, Hazem Municipal Asset Management in China's Small Cities and Towns : Findings and Strategies Ahead |
| geographic_facet |
East Asia and Pacific China |
| relation |
Policy Research Working Paper;No. 7997 |
| description |
Chinese municipalities have developed a
large stock of capital assets during a period of rapid
growth and urbanization, but have yet to modernize asset
management practices. Cities face challenges such as
premature decline of fixed assets and spiking liabilities
related to operating and maintaining assets. This paper
evaluates the asset management practices in three selected
small cities and towns in China, using a benchmarking
assessment tool followed by an in-depth field assessment.
The paper finds that overall performance is below half the
international benchmark for good practice in all three
cities. Management practices are considerably more advanced
for land than for buildings and infrastructure. Key
deficiencies in data availability and reporting, governance,
capacity, and financial management indicate increased risks
for local government finance and the delivery of public
services. For small cities and towns where public revenues
are often uncertain and limited, urban public services will
be at risk of deterioration unless good asset management
practices are put in place. The paper recommends strategic
actions for upper and lower levels of government, to advance
local asset management practices and facilitate the reform agenda. |
| format |
Working Paper |
| author |
Campanaro, Alessandra Masic, Joanna Kaganova, Olga Fan, Hongye Abdelfattah, Hazem |
| author_facet |
Campanaro, Alessandra Masic, Joanna Kaganova, Olga Fan, Hongye Abdelfattah, Hazem |
| author_sort |
Campanaro, Alessandra |
| title |
Municipal Asset Management in China's Small Cities and Towns : Findings and Strategies Ahead |
| title_short |
Municipal Asset Management in China's Small Cities and Towns : Findings and Strategies Ahead |
| title_full |
Municipal Asset Management in China's Small Cities and Towns : Findings and Strategies Ahead |
| title_fullStr |
Municipal Asset Management in China's Small Cities and Towns : Findings and Strategies Ahead |
| title_full_unstemmed |
Municipal Asset Management in China's Small Cities and Towns : Findings and Strategies Ahead |
| title_sort |
municipal asset management in china's small cities and towns : findings and strategies ahead |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/970471488824140310/Municipal-asset-management-in-Chinas-small-cities-and-towns http://hdl.handle.net/10986/26247 |
| _version_ |
1764461263237152768 |