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MayOn the evening of May 21st, the Master Lecture organized by National Academy of Development and Strategy of Renmin University of China was held in Room 228, Guoxue Hall. Prof. Tao Ran, Deputy Dean of Hanqing Advanced Institute of Economics and Finance and Research Fellow of NADS, was invited to make a specific lecture with topic as “Regional Competition Model and Land System Reform in China”.
This lecture was moderated by Prof. Nie Huihua, Deputy Dean of NADS and Deputy Director of Scientific Research Division, commented by Lecturer Xia Fangzhou from Land Management Department of School of Public Administration and Policy.
Professor Tao pointed out that China's growth model in the 1990s was a model of high investment and export-dependent growth in learning from Japan and the four East Asian dragons, while China’s current urbanization and large-scale development of new urban areas have brought about rapid economic development. At the same time, it also brings a large number of issues such as land acquisition, social conflicts, environmental pollution, and the suppression of the rights of migrant workers. He used three monopolies to explain the high-growth model with Chinese characteristics: the first is the monopoly of state-owned enterprises on upstream production factors, the second is the monopoly of state-owned banks on capital, and the third is the monopoly of local governments on land. As a result, we have achieved high growth for 20 years, but there have been huge income gaps and various problems such as housing market bubble. To this end, Professor Tao pointed out that the solution to the problem is to break the monopoly. Breaking the monopoly can increase employment and output, reduce the cost of energy and raw materials, reduce the capital cost of private enterprises, stimulate the growth of private enterprises, increase the competitiveness of private enterprises, and at the same time reduce the cost of ordinary people to buy houses; for the land system reform of local governments, The most important thing is to break the monopoly of local government on state-owned land.
Lecturer Xia Fangzhou from Land Management Department of School of Public Administration and Policy commented on the lecture. Prof. Tao answered the questions of the students rigorously and carefully, and had a lively discussion and exchange on relevant academic issues.