Land Use Rights Market in China A Case Study in HEBEI Province, China

The recent actions stemming from the Third Plenary Meeting of the 17th Party's Congress of the CCP Central Committee in China, including allowing farmers to transfer their land use rights, commonly known as the Land Use Right Market, represent a big step in both rural land system reform and economic reform. Based on an empirical study and the approach of logistic analysis, this paper introduces the nature and importance of Land Use Right Market in China today and then, with the purpose of investigating reasons why land use right transfers in Hebei have happened so infrequently, it examines variables that have influences on transfer market. It can be concluded that the Land Use Right Market has a strong association with households' per capita land, land property status and farmer's income structure.