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Since Li Keqiang was tipped to succeed Wen Jiabao as China’s premier, analysts have been trying to come to a better understanding of Li’s thoughts on urbanization. This is because Li has prominently identified urbanization as the growth engine of the Chinese economy and one of the main focuses on the new administration. Li’s first [...]
Land reform is one of the most politically sensitive topics in China and it has direct implications for both the real estate market and local government finances. In late November the Chinese State Council passed a draft amendment to the Land Administration Law (CN). The changes are aimed at boosting compensation for farmers whose land [...]
It’s an article of faith amongst many analysts that China’s rapid urbanization will inevitably suck up any excess housing supply and boost consumption as new urbanites enter the middle class. For example, a new research report by the Reserve Bank of Australia begins with the following assertion: In 2011, 1.9 billion square meters of residential [...]