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URBANIZATION OF LAND IN URBANIZATION PROCESS OF CHINA:BOON OR BANE?

TIAN Li  
Since the establishment of Land Use Rights system in 1988,the urbanization of land has played a role of double-edged sword in the rapid growth of cities.On the one hand,it opened up local revenue and facilitated the city infrastructure investment.On the other hand,excessive reliance on land revenue contributed to the rocketing housing price and urban sprawl,and thus led to serious social,economic and environmental problems.This paper analyzes the merits and shortcomings of land urbanization,and concludes with policy implications and measures of transformation of land urbanization in the 12th Five-Year Plan.
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