China hits brakes on rural land reform in major policy release

Quick Summary:

Urbanites are now explicitly banned from buying up rural homes, as the government prioritises social stability.

The government appears committed to continuing the reform process, with the No 1 document containing a pledge to “explore effective ways to revitalise legally-owned rural homes through leasing, equity participation, and cooperation”.

The move signals the government’s intention to proceed cautiously with its land reform agenda, with officials keen to ensure that migrant workers maintain a safety net amid a period of economic turbulence, analysts said.

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Article Details

Author / Journalist: Sylvia Ma

Category: Business

Markets: Hong KongChina

Topics: Analysts Officials Restrictions Homes Beijing Land Year Unveiled Rural Reform Government

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-24 @ 17:30:12 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 213 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 26370576

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