Diversion instead of prevention for future urbanization
Models of residential buildings are seen at a sales center in Zhengzhou, Henan province, September 23, 2016. However, with the local government's rising land revenue and increase in operational costs, China Development Research Foundation's vice president Liu Shijing said the competitiveness of the industry has been dented. Secondly, the current land supply system in metropolises needs to be reformed, and China's people need to see an increase of land available for residential housing. Rural collective land and homesteads – land previously allotted by the government to build houses–should be allowed to trade freely in the urban market, potentially helping increase nation's land supply. Overall, if the agglomeration strategy for developing big cities is effectively carried out,the flow of population could facilitate industry development, upgrades, a transformation of each area, and will eventually enable services and innovation-driven industries to play a bigger role.
Discover Related
每日一词 | 高标准农田 high-standard farmland
Reimagining Indian cities: Economic development imperative
Localities given more powers to stabilize realty
Focusing on real estate woes vital for China
Focusing on real estate woes vital for China
China's leaders gather to hash out Trump tariff battle plans
Australia to ban foreign purchase of built homes
Why Montek Singh Ahluwalia is right: India needs new states and new cities
Why Montek Singh Ahluwalia is right: India needs new states and new cities
Hong Kong is cracking down on tiny homes. Here's why people are afraid
Why some Hong Kongers live in homes smaller than a parking space, by the numbers
Shanghai seeks public opinion on new residential projects
Chinese economy expected to rebound continuously in 2025: economist
‘Reform of restrictive land-use provisions will be tipping point in cities’
Key expectations for urban development in Union Budget 2025
Over 60,000 urban renewal projects launched in China in 2024
China's property sales record positive growth in December
Why stabilizing housing market matters
Why stabilizing housing market matters
Tianjin to push new urban renewal projects
Tianjin to push new urban renewal projects
Tech to empower urban infrastructure