These Measures are formulated for the purpose of perfecting the land reserve system, strengthening land regulation and control, regulating the operation of land market, enhancing the saving and intensive utilization of land and improving the capability for guaranteeing the land used for building. The Measures consist of 30 articles divided into 7 Chapters: General maters; Plan and management; Scope and procedures; development and utilization; Land supply; Fund management; Supplementary provisions.The term “land reserve” as mentioned in these Measures refers to acts of legally obtaining land, prior developing it and storing it for future land supply which are done by the administrative departments of land and resources under the municipal and county people's governments for realizing the objective of regulating and controlling land market and enhancing the reasonable utilization of land resources. The specific land reserve work shall be carried out by land reserve agencies. A land reserve agency shall be a public institution which is established upon the approval of the municipal or county people's government, has independent corporate capacity, subordinates to the administrative department of land and resources and undertakes the land reserve work of this administrative jurisdiction in a unified way. Each administrative region shall, in light of the needs for regulating and controlling land market, reasonably determine the scale of land reserve, and give priority to land used for building under state inventory which is left unused, unoccupied or utilized in a low efficiency. The Measures further make provisions for compensation standard for the acquisition of land, evaluating the assets value of the land stored in the reserve, prior development, management and supply, land reserve fund management, supervision and administration, etc.
Repealed by: Measures for management of land reserve. (2018-01-03)
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For centuries China stood as a leading civilization, outpacing the rest of the world in the arts and sciences, but in the 19th and early 20th centuries, the country was beset by civil unrest, major famines, military defeats, and foreign occupation. After World War II, the communists under MAO Zedong established an autocratic socialist system that, while ensuring China's sovereignty, imposed strict controls over everyday life and cost the lives of tens of millions of people.
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