Agricultural and Biological Sciences
8 years ago

China Overhauls Land Ownership, Unlocking Path to Prosperity

Journal of Finance and Economics Theory
Research on Land Property Rights System Reform under the Socialist Market Economic System
Chen Zhi-pin

Paper Summary

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Land is crucial for economic and social development. The land market is essential in a market economy, along with capital, labor, and commodity markets. China's shift to a socialist market economy has been successful, but the land market system lags behind. To improve the economy, we need to reform land ownership to match productivity, accelerate modernization, and achieve the Chinese Dream.