State-owned enterprises and industrial land reform in China

Article Environmental Studies

Placing China ? s land marketization: The state, market, and the changing geography of land use in Chinese cities

Ronghao Jiang et al.

Summary: The existing theorization of urban transformation in different world regions is based on diverse interpretations of the interplay between the state and market forces. In the case of Chinese cities, there are continuing debates regarding the role of the Chinese Party-state and the direction towards capitalism. This research focuses on the pattern and process of land marketization in urban China, identifying an uneven geography shaped by the localization of state-market interplay, with a positive correlation between land finance and marketization degree.

LAND USE POLICY (2021)

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Article Business, Finance

Political connections in the land market: Evidence from China's state-owned enterprises

Long Wang et al.

Summary: The study found that state-owned enterprises (SOEs) pay higher premiums at land auctions, mainly driven by wholly state-owned enterprises (WSOEs); moreover, SOEs have advance access to development information of land parcels which leads to positive stock market performance; however, an anti-corruption campaign reduced the premiums paid by SOEs.

REAL ESTATE ECONOMICS (2021)

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Article Economics