The Big Call

Land monetisation spreads

  • Published 30 Apr 2009

Agricultural land is the last great largely inert asset left over from the era of Communist economics. Now it is set to be monetised in earnest, with huge implications for the rural economy.

When Zhu Rongji, the then premier, announced in March 1998 that China would push forward the privatisation of its housing stock, the news caused little more than a ripple in the world’s media. But the subsequent monetisation of housing nationwide became one of the biggest single exercises in wealth creation in world history.

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