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What is a land grant in China? |
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In China, land grant is the process during which land users enter into land grant contracts with the government authority in charge of land, and pays land grant premiums in exchange for land use rights on state land for a fixed period of time. Chinese law requires that all land use rights for commercial use must be granted by bidding, auction or quotation on the open market.
First answer by Zhongzhi gao. Last edit by Zhongzhi gao. Contributor trust: 32 [recommend contributor]. Question popularity: 3 [recommend question]
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