Study on Implementation of Urban-Rural Land Linking Policy from Perspective of Urbanization

China launched the policy of linking the increase in urban development land with the decrease in rural development land① in 2003. The paper focuses on two typical paths for implementation of the policy, i.e., exchanging homestead for urban housing, and "double exchanges." Based on a study on urbanization development, the paper analyzes the institutional innovation in the case of exchanging homestead for house in Huaming Town, as well as the jeopardization of "double exchanges," before summarizing the applicability of the "urban-rural land linking" policy. At the end, the paper emphasizes that in order to address the problems emerging during various kinds of urbanization, the linking policy should be carried out in accordance with local conditions and circumstances.