From 1949 to today, China has experienced dramatic changes in its economy and urban development. This book examines these changes and looks at one city, Shenzhen, in detail. The performance and behavior of a fledgling property market in the transitional economy are analyzed in the backdrop of real estate commodification and marketization. Students and researchers in urban geography, urban planning, economics, business, and real estate will find this monograph lucid and original.

Two distinctive periods divide the last fifty years of development in China. The period 1949 to 1978 was dominated by central planning. After 1978, however, economic reforms brought a new property market to many of China's cities. The economic surge of this period has transformed these cities and helped create new metropolises. The special economic zone of Shenzhen grew from what was, until 1980, a landscape predominantly made up of rice paddy fields and traditional villages. By 1995, the population of the city grew to more than two and a half million. Two modes of land provision are identified as the main contributors to Shenzhen's urban development process, which is also echoed in other Chinese cities. Incremental urban land reforms are elaborated within a broad framework of institutional change, while marketization has brought many changes to Chinese society. Continued urban reform toward a market economy seems now irreversible.

How have the development and redevelopment of China's cities since the early 1950s transformed the settlements and fortunes of a fifth of the world's population? Rapid urbanization since the 1980s has changed the nation from a rural society to an urban one, marking it as one of the most significant transformations in history. As a country with severe land scarcity, land resources are intensively contested for during urbanization under the new regime of marketization. This book focuses on the impact of the institution of land rights that have transitioned from private ownership to socialist state ownership, and subsequently to public land leasing in the urban domain, and to collective ownership in rural areas. In the context of defining the relationship between the state and the market, the gradualist transition of land rights gives rise to intriguing processes of place-making. The elaboration of these processes will engage several revealing conceptual notions: land as a means of production, land commodification, ambiguous land rights, incomplete land rights, trading land use rights for land development rights, institutional uncertainty, land rent seeking and dissipating, local developmental state, danwei-enterprises, and more. The newly created landed interests are embedded intricately within the urban spatial structure. This book would especially be of interest to scholars interested in developmental economics, urban planning, geography, public policies, public management, and sociology, and also practitioners focusing on development and planning.

How have the development and redevelopment of China's cities since the early 1950s transformed the settlements and fortunes of a fifth of the world's population? Rapid urbanization since the 1980s has changed the nation from a rural society to an urban one, marking it as one of the most significant transformations in history. As a country with severe land scarcity, land resources are intensively contested for during urbanization under the new regime of marketization. This book focuses on the impact of the institution of land rights that have transitioned from private ownership to socialist state ownership, and subsequently to public land leasing in the urban domain, and to collective ownership in rural areas. In the context of defining the relationship between the state and the market, the gradualist transition of land rights gives rise to intriguing processes of place-making. The elaboration of these processes will engage several revealing conceptual notions: land as a means of production, land commodification, ambiguous land rights, incomplete land rights, trading land use rights for land development rights, institutional uncertainty, land rent seeking and dissipating, local developmental state, danwei-enterprises, and more. The newly created landed interests are embedded intricately within the urban spatial structure. This book would especially be of interest to scholars interested in developmental economics, urban planning, geography, public policies, public management, and sociology, and also practitioners focusing on development and planning.