Finally, Land Reform
Finally, it is here. The almost private ownership of land for 800 million farmers in China.
CCP has recently passed a policy in the central plan committee meeting that would allow peasants to freely trade and sell their 30-years land rent contract. No more those peasants are exploited by Town/County official who would take the land away, sell to land developers and leave peasants with a peanut compensation comparing the land's market value. Many protests in recent year in China (thousands per year) are centered around the issue of rural land. Peasants want proper compensation, yet by law they have no rights to it. No More!
With this policy, peasants should see their wealth increase, productivity raise. Those who want to stay farming can have more land and achieve scale of efficiency. Those who want to move to the city can have a good capital to start them off. The wealth gap between those who live in city and rural region should be narrowed. Now the question is how to make those 800 million peasants aware and understand this policy. It is a going to a difficult task given many of them are illiterate. Word of mouth would a good bet!
George Liu
george.j.liu@gmail.com
