The Central Committee of the Communist Party of China (CPC) and the State Council recently have issued a guideline on better protection of property rights. Anbound Think Tank believes that the two types of land that should be focused on are urban residential construction land and farmers’ house sites. Residential land use rights may be renewed for free or renewed for a fee. Free renewal is a bold reform, while the renewal for a fee will be subject to certain oppositions; the implementation of the "free renewal + real estate tax" appears to be a more feasible institutional arrangements. For farmers’ house site reform, Anboun Think Tank has long suggested that these sites should be given decades of long-term use rights, allowing the right to use these transactions in the market to attract urban capital to rural areas to participate in construction.
