Local “Land Finance” in China's Urban Expansion: Challenges and Solutions

Guangzhong Cao, Changchun Feng and Ran Tao

China & World Economy, 2008, vol. 16, issue 2, 19-30

Abstract: This paper considers the issue of local “land finance” in the context of China's fast urban expansion. In an analysis of China s land requisition and public leasing system we argue that low‐cost land acquisition is the fundamental cause of land‐related distortions that have occurred during China s urbanization. Granting farmers the power to negotiate directly with land users during urban expansion, combined with coordinated land tax reforms to consolidate local tax bases is the key to China achieving both equity and land use efficiency in urban expansion.

Date: 2008
References: View complete reference list from CitEc
Citations: View citations in EconPapers (39)

Downloads: (external link)
https://doi.org/10.1111/j.1749-124X.2008.00104.x

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:chinae:v:16:y:2008:i:2:p:19-30

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1671-2234

Access Statistics for this article

China & World Economy is currently edited by Yongding Yu

More articles in China & World Economy from Institute of World Economics and Politics, Chinese Academy of Social Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().