Abstract
This section analyzes the role land conversion plays in economic activities. Land conversion was a key issue in classical political economy, but modern economics has not paid enough attention to this. While the process of industrialization, urbanization, and the development of the real estate market is highly dependent upon the conversion of agricultural land into non-agricultural use, land conversion and the Coasian negotiations can be very costly. China’s experiences indicate that government can play an active role in the conversion of land usage, by hel** reduce the transaction costs of land conversion. In addition, there needs to be top-down overall planning of land usage, including urban planning.
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Notes
- 1.
Terrazas [1].
- 2.
Source: National Bureau of Statistics: http://data.stats.gov.cn/easyquery.htm?cn=C01.
- 3.
Guan [4].
- 4.
- 5.
- 6.
Lang [5].
- 7.
China’s housing system provides that the land ownership shall be different from housing. Housing ownership is permanent and without time limit, while the period of land ownership varies according to the nature of the land (70 years for housing; 50 years for industry, science, education, culture, and health; 40 years for tourism and business). In addition, housing property can be renewed automatically.
- 8.
Han et al. [6].
- 9.
Li and Wang [7].
- 10.
Zheng [8].
- 11.
Shi and Xu [9].
- 12.
Schwartz and Trump [10].
- 13.
Wang et al. [11].
- 14.
Wang [12].
- 15.
Sun [13].
- 16.
Shi and Xu [14].
- 17.
Bao [15].
- 18.
CICC-100112: Real Estate-Land is not scarce, so we will analyze the construction land supply potential in China.
- 19.
A “nail house” refers to a home whose resident refuses to leave to make way for real estate development.
- 20.
Yi [16].
- 21.
He and Teng [17].
- 22.
Ye [18].
- 23.
Wang [19].
- 24.
- 25.
China Report Network [20].
- 26.
Zhang [21].
- 27.
Li et al. [22].
- 28.
Liu [23].
- 29.
**e [24].
- 30.
The payment will gradually decrease after the employee turns 50.
- 31.
Bao [25].
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Li, D.D., Hu, S., Li, B., Zhao, H., Chen, Y., Zhang, H. (2021). Rapid Land Conversion. In: Li, D.D. (eds) Economic Lessons from China’s Forty Years of Reform and Opening-up. Springer, Singapore. https://doi.org/10.1007/978-981-33-4520-1_3
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