%0 Journal Article
%T State, Class and Capital: Gentrification and New Urban Developmentalism in Hong Kong
%A Iam-chong Ip
%J Critical Sociology
%@ 1569-1632
%D 2018
%R 10.1177/0896920517719487
%X Drawing on a recent wave of scholarship on urban development in East Asia, this article offers a critical account of the twists and turns of Hong Kong¡¯s urban development by focusing on class recomposition, state strategies and their relationships with the city¡¯s changing position in its regional political economy. To do so, it examines how the middle class and their housing and investment demand have begun to lose their significance as a driver of urban gentrification. Meanwhile, since the resumption of China¡¯s sovereignty over the city and the outbreak of Asian financial crisis, the local and central state have engineered a finance-led growth model whose diverse neoliberal interventions and political calculations have persistently lead to widespread discontent with ¡°developer hegemony¡± and private property-led urban redevelopment. Using a case study of Wan Chai and the rise of serviced apartments, this article argues that this transition has marked the rise of a new urban developmentism in Hong Kong
%K China
%K East Asia
%K gentrification
%K globalization
%K Hong Kong
%K middle class
%K political economy
%K serviced apartment
%U https://journals.sagepub.com/doi/full/10.1177/0896920517719487