How is the land market divided in China?

How is the land market divided in China?

Land in China is divided into three classes:

• First class market- the State leases the "right to use the land" to state-owned companies or private organizations, including foreign investors;
• Second class market- the party already holding the lease transfers it to another party; and,
• Third class market- the lease for the land is passed laterally from one lessee to another.

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