| While Chinese urbanization has accelerated since the early 1990s, the worsened living condition of landless farmers has been largely attributed to the unfairness of the compensating standards. By building two econometric models that separately analyze the amount of compensation given for land eminent domain and market value of the land, this thesis concludes that the compensation amount is between only 2.81 and 6.36 percent of the land market value. Furthermore, it suggests that privatizing land ownership is a better solution to protect farmers via comparing the pros and cons of centralized ownership and private ownership. |
