Beijing to pave way for land reform

Over the next four days the plenary session of the Communist party's central committee will meet behind closed doors and is expected to take a step that many analysts and policymakers say will lead to the eventual privatisation of rural land.

Details of the reform remain a closely guarded secret but the country's top leaders are expected to enshrine the rights of rural citizens to transfer or rent their 30-year land leases to other individuals or companies and possibly allow that land to be used for collateral to access loans.

All land in China has been, in effect, owned by the state since the 1949 communist victory and direct private ownership is very unlikely to be introduced soon under the party's gradualist approach to reform.

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