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BEIJING, July 19 (Xinhua) -- China on Sunday unveiled a guideline on improving the secondary market of transferring, leasing and mortgaging land use rights for construction purpose.
The country will accelerate the establishment of a secondary market with clear property rights, market pricing, information gathering, trading safety and effective supervision, reads the guideline released by the General Office of the State Council.
The move aims to significantly lower the cost of institutional transactions and improve the efficiency of land resource allocation, providing a land-use guarantee for high-quality economic growth, according to the guideline.
