cannot say this thread was behind the times on the china rural land reform meme
we were ahead of the fringe media by about 2 years
below fringe media speaks of 20 trillion of collateral-good wealth, forgeting the multiplier and the fractional banking and the hypothecation and re of same again and twice over
250 trillion in the bag, and if obor does its magic
supra continent results
atimes.com
China’s land reform could wake up US$20 trillion of wealth: CitiAnalysts suspect reform will accelerate after party congress
By Asia UnhedgedOctober 21, 2017 4:39 AM (UTC+8)
Farmers pile up chili peppers onto a tractor on a farm in Shenyang, Liaoning province. Photo: Reuters/Stringer
China’s rural land reform is entering a critical new phase, according to a report from Citi this week, and it could unlock more than US$20 trillion of wealth.
While China’s rural land is owned by collectives and is largely non-transferrable, reforms that began through a pilot scheme in 2015 aim to change that. The government has extended the pilot program, and Citi analysts see this as a sign to encourage further experiments.
“High expectation also abounds that the rural land reform could accelerate after 19th Party Congress,” according to the report.
Analysis of “shadow prices” of the rural land points to remarkable wealth owned by farmers, which divided by registered rural population would equal around US$23,594 per captia, almost 13 times rural disposable income per capita. The total would equal around US$20.6 trillion.
The report enumerates four possible implications:
We expect it to:
(1) increase rural household wealth and consumption, benefiting sectors like autos, consumer discretionary, consumer electronics, education and real estate;
(2) advance urbanization and help sustain China’s economic growth;
(3) improve agricultural productivity and promote corporate farming – China’s modern agriculture is an area of great potential for investment; and
(4) restoring local fiscal discipline and social stability.
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