Notice of RetractionA Study on investment and financing model of Public Service Facilities for Government-Subsidized Residential Communities

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Against the backdrop of city renewal and implementation of government-subsidized housing system, a large number of government-subsidized communities are emerging across China. However, public service facilities are badly lagging behind and deficient in those government-subsidized communities cause of the lack of capital. Consequently, the quality of residents´ life is affected and the formation of a harmonious society is hampered. This study analyzes the nature of the public service facilities and classifies them into “public good”, “quasi- public good”, and “private good”. Based on this, this study suggests the subjects, channels and modes of investment and financing for each type of public service facilities for government-subsidized communities. Then, according to the item division theory, this study suggests the operation and management model of public service facilities for government-subsidized communities as “non-operational items”, “quasi-operational items” and “operational items”. Hence the study is of realistic guiding significance.