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Sistema gosudarstvennogo upravlenie zemley dlya stroitel'nyh celey v Kitae
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Citations:

SISTEMA GOSUDARSTVENNOGO UPRAVLENIE ZEMLEY DLYA STROITEL'NYH CELEY V KITAE
UDK 349.4 (477)
Boni Lyudmila 1
Authors:
1.  Institut Dal'nego Vostoka RAN

Type:
Article
Pages:
from 3 to 3
Status:
Published
Received:
07.12.2015
Accepted:
15.12.2015
Published:
25.12.2015
Subject area:
UDK 349.4 (477)
Language:
English
Keywords:
land for construction, land system, land requisition, land capitalization, land rent, urbanization, land price, «land finance», land market
Abstract and keywords
Abstract (English):
He study deals with the Chinese policy of rural land requisition and capitalization aimed at obtaining land and capital for industrial and other urban construction to support China’s industrialization and urbanization programms. Main attention has been paid to decipher specifics of different legislative, institutional, economic and administrative instruments built in the national regulation system of land resourses for urban construction. Known in China as the “land finance“ policy, it has managed to achieve “the impossible”: under the conditions of deep deficit of land resourses (especially in agriculture) and accute demand for land for urban construction in the market economy оf the country it has provided quite enough low cost land for industrial construction as well as financial capital (land rent capital) to invest in industrialization and urbanization of China. The gross asset value of rural land capitalization in 2014 only has reached about 4,3 trillion yuan renminbi оr more than 650 billion US $.

Keywords:
land for construction, land system, land requisition, land capitalization, land rent, urbanization, land price, «land finance», land market
Text
The study deals with the Chinese policy of rural land requisition and capitalization aimed at obtaining land and capital for industrial and other urban construction to support China’s industrialization and urbanization programms. Main attention has been paid to decipher specifics of different legislative, institutional, economic and administrative instruments built in the national regulation system of land resourses for urban construction. Known in China as the “land finance“ policy, it has managed to achieve “the impossible”: under the conditions of deep deficit of land resourses (especially in agriculture) and accute demand for land for urban construction in the market economy оf the country it has provided quite enough low cost land for industrial construction as well as financial capital (land rent capital) to invest in industrialization and urbanization of China. The gross asset value of rural land capitalization in 2014 only has reached about 4,3 trillion yuan renminbi оr more than 650 billion US $.
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