The Urban Development Investment Corporations (UDICs) in Chongqing, China
Urban Development Investment
Corporations (UDICs) have over the years become the central
pillar in the local government drive to build infrastructure
in China, where local governments are not allowed to engage
in direct market borrowing. UDICs were established during
the early 1990s when local governments were under great
pressure to both build municipal infrastructure and to
reform the role of the government in infrastructure