Investigating the financialization of water infrastructure in China: A public policy perspective

Abstract

Insufficient funding for water infrastructure has become a notable challenge for China and other developing countries. In light of marketization and globalization, financialization has emerged as a potential avenue to address the financial difficulties. This study employs the PMC index model and cluster analysis method to quantitatively analyze the financialization of water infrastructure in China through a lens of public policy lens. The findings suggest that financialization has become a significant trend in water infrastructure, with public policy playing a critical role in water infrastructure development. This study contributes to the novel possibilities for studying water infrastructure financialization and offers a reference to policymakers and professionals for optimizing water infrastructure development. HIGHLIGHTS Financing is a key challenge facing global water infrastructure development.; This study employs the PMC index model and cluster analysis method to quantitatively analyze the financialization of water infrastructure in China through a lens of public policy lens.; Financialization has become a significant trend in water infrastructure, with public policy playing a critical role in water infrastructure development.;

Keywords

• financialization
• pmc model
• public policy
• text mining
• water governance
• water infrastructure