Abstract
Industrial space renewal is a strategic planning choice for cities undergoing de-/post-industrialization against the backdrop of land resource constraints. This study reviewed industrial space renewal policies in Hong Kong and Shanghai from a political economy perspective. With the analytical framework of political economy, the study reveals that, in the power flow of industrial space renewal (stressed on ownership), Hong Kong’s private sectors are active, and Shanghai is dominated by public power. In the political and economic environment, differences in government and market forces lead to different planning models and outcomes. Industrial building renewal in Hong Kong is mostly progressive due to diversified developmental forces, whereas industrial land renewal in Shanghai is mostly comprehensive and rational, assisted by blueprint-based planning. Pros and cons are rooted in both cities. Thus, an in-depth examination is of great significance for better decision-making in the future.
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