China Land Market Operation Mechanism: Status And Analysis

Looking back on the forming process of the land market in China, we find it is a structural market. The paper analyzes the role of the local governments and the central government play in the land-ownership market, which is considered bilaterally monopolized. Then, the paper studies the substitution of market for planning in the urban primary land market, studies the urban secondary land market in the perspective of crop-sharing tenancy. The collective land market is small because of the legal bond and the advantage position of the government to the peasants. The author holds the opinion that gray land market emerges due to inter-regional competition for scarce land.