10.10.2008 - China:Long march to the modern real estate market
From FT: Mao Zedong and the Chinese Communist party won a bitter civil war in 1949 in part because of a platform of land redistribution to the peasantry that disavowed nationalising the land, writes Jamil Anderlini. But in the late 1950s Mao launched the land collectivisation of the disastrous Great Leap Forward, which most historians agree led to the starvation of tens of millions in the countryside. The policies were rolled back briefly in the early 1960s but the mania of the "cultural revolution" between 1966 and 1976 extended collectivisation and reduced agricultural productivity further. In 1978, according to Communist party legend, a group of peasant farmers in Xiaogang village in the rural Anhui province risked execution as counter-revolutionaries by signing a secret pact that divided up their collectively owned land for each household to farm individually...... Full Article: Source
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