Trading Land Development Rights Under a Planned Land Use System: The Zhejiang Model
Chinese Academy of Sciences (CAS)
Zhejiang University - College of Public Administration
China & World Economy, Vol. 17, No. 1, pp. 66-82, January-February 2009
China's state planned land use system, including regulations such as setting planned quotas for land use, basic cropland preservation, and pursuing a balance between the conversion of arable land into non-agricultural use and the supplement of new agricultural land, has substantially constrained the economic growth of industrial provinces in China. This article explores the innovative reforms adopted by Zhejiang Province through land development rights (LDR) transfer within a locality and LDR trading across localities. We argue that there is a Zhejiang model of LDR transferring and trading, which, we believe, has significant implications not only for fostering an efficiency-enhancing market for land development rights and agricultural land preservation, but also for optimal use of land and a more balanced regional development. One important policy issue relating to China's rural land system is that under China's land requisition system, farmers are usually under compensated for urban land-taking.
Number of Pages in PDF File: 17Accepted Paper Series
Date posted: February 4, 2009
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo3 in 0.626 seconds