Abstract The emergence and development of land-based public finance in our country presents a reversed “U” trait. The direct reason for it lies in the arrangement of land system, government-led great-leap-forward development and the insufficient cost reimbursement of land sale income. In the long run, the main risk of land-based public finance includes the unsustainable land sale revenue, large size of land mortgage financing of the government, housing bubble and unfair income distribution. The key to preventing and defusing the potential risk of land-based public finance lies in perfecting real estate tax system, strengthening the management of government land sale and mortgage financing and reducing the impact caused by the fall in land sale income scale.
TANG Zai-Fu. A Research into the Basic Theory on Chinese Land-based Public Finance——the Origin, Nature, Risk and Future of Land-based Public Finance. Economic Survey, 2012, 1(2): 0140.
2012, Vol. 1 
