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Dual Land Market and Rapid China’s Urbanization: Problems and Solutions

DOI: 10.4236/chnstd.2012.11001, PP. 1-4

Keywords: Dual Land Market, Land Expropriation, Land Finance, Urbanization, China

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Abstract:

The dual land market has greatly encouraged the economy and urban development and created far-reaching effects on excessive land expropriation and land finance. Using an analytical framework of dual market structure model, this paper investigates the relationship between local land finance and China’s rapid urbanization. Low-cost land expropriation is the main reason why extensive urbanization goes so fast in recent China. Granting farmers the complete land rights, implementing property tax to consolidate local tax bases, unifying the dual land market are helpful to achieve both social equity and land use efficiency in Chinese rapid urbanization process.

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