Abstract:

To improve the quality of economic development, adapt to the slowdown of economic growth under the new normal of economy, and gradually reduce the dependence of local governments on land finance, we explore the new way of land finance. Based on the methods of data analysis and empirical analysis, we analyze the emergence and influence of land finance in China and the dependence of local governments on land finance under the new normal of economy; and report the progressive land finance transformation path which consists of the land transfer fund system suitable for the actual situation, more references for the current evaluation standard of urbanization in China and the speeding up of the progress of real estate tax, to provide more adequate revenue for the local government during the period of land financial transformation, and guarantee the development of the real economy and promote the quality of China’s economic development.

Key words: the new normal of economy, local government, land finance, real estate tax, urbanization, systemic financial risk