The reform of land system is a crucial breakthrough to lift China out of its current development bottleneck.

Among the various reforms on rural land, the reform to allow rural residential land to enter into market for transaction has the most significant impacts in terms of market stimulation as it is well positioned to stimulate the participation of social capital.

ANBOUND's senior researcher, He Jun believes that the best timing for the reform of rural land system will be missed should we wait until the arrival of aging population, massive capital outflow and the reduction of rural population brought by urbanization.

Note: The "Three Land" refers to rural collective land designated for business-related construction, rural residential land and agricultural land.