A well-known economist argues that China’s rigid land system is strangling job creation and consumer demand and aggravating income inequality between urban and rural households.
Very interesting indeed. It is fair to say that Hong Kong arrived independently at a very rigid system of land allocation whilst it was not under Chinese administration and does not seem to have suffered by it but it is certainly a special case.
More generally, I am reminded of parallels between the position in China and the position in Britain, which has a different, but also a strict, way of allocating land use.
Very interesting indeed. It is fair to say that Hong Kong arrived independently at a very rigid system of land allocation whilst it was not under Chinese administration and does not seem to have suffered by it but it is certainly a special case.
More generally, I am reminded of parallels between the position in China and the position in Britain, which has a different, but also a strict, way of allocating land use.