An eastern Chinese region is experimenting with letting farmers mortgage or transfer control of their publicly owned land, in what could help spread prosperity to the impoverished countryside and become one of China’s most pivotal rural land reforms in 35 years.
There is no private land ownership in China, with all urban land under state ownership and rural land under collective ownership overseen by village officials. That wouldn’t change in Anhui province, where the latest experiment is under way. But farmers would be given more flexibility in how their allotted plots are used and more opportunities to profit from China’s booming real estate market.
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Didi Tang, The Associated Press via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/_6ghQsQRHYQ/
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