A Tug of War: Crop and Clothing Xunxian County, Land of Investment Opportunity

In the craze for new investments in low-income areas from the east to the mid-west provinces in a nation-wide restructuring and relocation process,many midland governments are ready to receive this inflow by providing competitive incentives. Xunxian county in Henan , China’s most densely-populated midland province, is one of them. The question arises whether the crop-richand fertile lands that give way to more industrial factories is economically beneficial to local or national GDP’s growth? It seems this is a tug of war between crop and cotton in textile industry in the country. But many believe providing jobs means a lot …

Comment on Marx's Theory of the Law of Diminishing Land Fertility

Marx＇s theory of the law of diminishing land fertility is an indispensable part of Marx＇s theory of rent. Marx not only denied the non-scientific component of the theory, but also affirmed the scientific component of the theory. China＇s theoretical circles have held a total negative attitude towards the theory for a long term, which has brought serious consequences to research on agricultural economic theory and agricultural production practice. Comprehensively understanding the scientific connotation of Marx＇s theory of the law of diminishing land fertility has extremely important theoretical and practical significance for reducing the blindness of land investment and improving the investment efficiency of land.

Financial Pressure,Economic Stimulus and Land Transfer with the Aim of Attracting Investment-Empirical Evidence Based on Micro Data of Industrial Land

Although China’s local governments are facing greater financial pressure,they often sell industrial land at low prices to attract investment.Local government land transfer strategies refl ect driving mechanisms of officials’behavior.Based on the micro data of about 340000 industrial land sales in 289 prefecture-level cities in China from 2006 to 2015,this paper divides industrial land transfer into two categories,namely land transfer with the aim of attracting investment and normal transfer,according to whether the transfer price is lower than the minimum price stipulated by central government.The paper explores the strategies of industrial land transfer under financial pressure and the motivation differences of officials with the help of changes in local land transfers after the introduction of economic stimulus policies.It is found that financial pressure will signifi cantly reduce local industrial land transfer with the aim of investment attraction.However,after the introduction of economic stimulus policies,although financial pressure has increased,the infl uence of financial pressure on local governments’investment-induced land transfer behavior significantly weakened due to the increase of out-of-system financing channels,thus industrial land transfer with the aim of attracting investment has increased signifi cantly.From the perspective of promotion incentives of officials,officials with longer term were more inclined to sell industrial land to attract investment.Therefore,it is necessary to rationally arrange the financial resources and powers of central and local governments,to adapt reasonable macro control method and strategy,and to build an offi cial evaluation system that meets the needs of high-quality development.