From Economic Observer Online:
The Chinese government has been reviewing the posibility to relax regulations on rural land by allowing farmers to trade their land-use rights, and this may pave the way for legalizing sale of rural property to urban population.
The EO learned that Land and Resources Ministry was reviewing the Land Administration Law, proposing that members of a commune with collective-owned rural land be permitted to transfer, rent and mortgage their share of the land-use rights upon official approval.
Sources said the proposed admendments also called for farmers with house-site land – rural land allocated for residential use – be allowed to build houses and susidiary facilities on it; and that upon approval, they could legally trasfer, rent and mortgage the land and the property built on it.
