unced this sunday. The party and the government originally signalled that they would announce the major reform the week before last week. The delay stirred up quite some speculations. Some suspected that it met major opposition from coservatives with the party and the government. As a matter of fact, I oppose any attempt to establish the so-called free market of land use rights in current China, because it can easily generate instability and eventually lead to disaster and the demise of PRC. I have not read the government announcement and the details of the land reform act. Based on the report of the NY times, it appears that the extent and the tone of the reform have been mitigated. "Under the new policy, the government will establish markets where farmers can “sub-contract, lease, exchange or swap” land-use rights or join cooperatives." In the sentence above, I did see the word sell. Therefore, every peasant will not entirely give up their ownship to their land user right in this 'new' market. If my interpretation is right, I believe the risk associated with the reform should be tolerable. Clearly, the government need to establish powerful agencies to oversight this market. Chiarman Mao once said that in countryside, the sky is limitless and the land is boundless, it is where one can really have some serious business with potentially enormous success. Time to march into the countryside of China? Maybe.