The "Chengzhongcun" Land Market in China: Boon or Bane? - A Perspective on Property Rights
With the rapid expansion of China's cities since the 1978 economic reform, more and more villages have been swallowed up by urban sprawl. The retention of collective land ownership in "chengzhongcun" has, on the one hand, made low-rent housing affordable for migrants; on the other hand, however, it has exposed "chengzhongcun" to many social, economic and environmental problems. Based on a case study of "chengzhongcun" in Guangzhou, and using an analytical framework of property rights, this article has found that maintaining collective land ownership in "chengzhongcun" has been socially and economically costly, but a redevelopment strategy without a complementary affordable housing scheme may be problematic. In order to solve the problems of "chengzhongcun", an institutional reform of collective land is required. Copyright (c) 2008 The Author. Journal Compilation (c) 2008 Joint Editors and Blackwell Publishing Ltd.
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Volume (Year): 32 (2008)
Issue (Month): 2 (06)
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