URBANIZATION 2.0 AND TRANSITION OF PLANNING: EXPLANATION BASED ON A TWO-PHASE MODEL
- 厦门大学－已发表论文 
城市化和任何现代商业模式一样,都分为积累和生产两个阶段。前者需要把未来的收益流贴现过来形成资本,后者需要把形成的资产还原为真实的收益流。由于积累; 和生产收益模式的不同,当城市化从1.0转向2.0时,会出现现金流缺口。由于资本和现金流存在不可替代性资本收益只能用于资本性投资,运营性支出只能由; 现金流覆盖怎样创造足够的现金流,就成为城市化1.0能否成功转向2.0的关键。存量规划的核心,就是将已经形成的资产转化为现金流。As the other modern business models, urbanization can be divided into; two phases:"accumulation" and "production." The former phase focuses on; capitalizing the future benefits, and the latter on revivifying the; assets into cash flow. Due to the non-substitutability between the; accumulation and production benefits patterns, a "cash flow gap"appears; when urbanization 1.0 transits toward 2.0. And since the capital and; cash flow are irreplaceable capital benefit can only be used on capital; investment and operational expenditure can only be covered by cash flow ; how to create sufficient cash flow becomes the key of a successful; urbanization transition. And the center of inventory planning is to; transit the already existed assets into cash flow.