The liberalization of the land use market has become the most pressing economic issue for the Chinese Government in recent years. The objective of this paper is to provide an overview of land market operations in China with an update of its land policies. It will first present some background...

Regulation often evolves, and affected consumers or firms may adjust their behavior in anticipation of potential changes to regulation. Using shifting land use regulation boundaries and oil lease prices from Canada, we estimate the effect of anticipated regulatory change on the value of land. We...