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Financial Analysis of Gentrification in China Artists' District
Y C Guo
1,*
, Y D Xiao
2
and W H Qi
3
1
TongJi University, Siping RD 1239, Yangpu District, Shanghai, China
2
TongJi University, Siping RD 1239, Yangpu District, Shanghai, China
3
Shenyang Ligong University, Nanping RD 6, New Hunnan District, Shenyang,
China
Corresponding Author and Email: Y C Guo,16061@tongji.edu.cn
Abstract. Gentrification has played an important role in the neighborhood regeneration. This
paper mainly studies on gentrification process in Chinese megacities and financial analysis of
gentrification in China artists' district.
1. Introduction
In China, one of the fastest growing countries in the world, in the process of social and economic
transformation in Chinese cities, the phenomenon of the western middle class has begun to appear in
large Numbers.
[1] After more than 20 years of reform and opening up, with the transformation of
social economy and economic globalization, Chinese cities have undergone a dramatic
transformation. Gentrification has progressed at a tremendous pace since the 1990s under the
background of urbanization. The gentrification process is emerging as a new model of neighborhood
regeneration.
Art village or artist zone, which has played an indispensable role in initiating and facilitating
gentrification, is a new spatial outcome in China's economic and urban transformation. The rise of
self-employment and easier migration has further allowed artists to practice in their preferred cities.
As such, China's Artists zones started to take shape in the 1990s. Some well-known artists zones,
such as Songzhuang in Beijing, Tianzifang in Shanghai, Xiaoguwei in Guangzhou, Landing (The
Blue House) in Chengdu, have become artistic and cultural symbols in these cities (Yang & Wei,
2008).
In this process, artists, residents, merchants and government have interacted with each other and
influenced by different effects. Through the comparison of two cases, this paper mainly study the
gentrification process in suburban areas and historic neighborhoods.
2. Gentrification situation
2.1. Gentrification in the world
Gentrification was first mentioned in a case study of London (Glass 1964: 18). In this study it figured
out “Larger Victorian houses, down-graded in an earlier or recent period - which were used as
lodging houses or were otherwise in multiple occupation - have been upgraded once again. Once this
process of “Gentrification” starts in a district it goes on rapidly, until all or most of the original
Guo, Y., Xiao, Y. and Qi, W.
Financial Analysis of Gentrification in China Artists’ District.
In Proceedings of the International Workshop on Environmental Management, Science and Engineering (IWEMSE 2018), pages 631-636
ISBN: 978-989-758-344-5
Copyright © 2018 by SCITEPRESS – Science and Technology Publications, Lda. All rights reserved
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