City Management： an Institutional Perspective

Institutional arrangement, which is one of the basic components of social development strategy on municipal economy, follows the strategic target of city development and is an important way to support it. Material resources and administrative components are the indispensable two wings to form competitiveness. The city economic expansion and urbanization of China nowadays speed up the growth of the city innovation system. The city management provides practical development platform for the city＇s fast development. However, serious challenges also appear in many fields of the city in our country. Especially the shortage of institution caused the higher cost of the city economy and social development, and even the massive losses that cannot be compensated.