"Chinese farmers are getting higher rents for their land and increasingly renting it out for longer, a new survey says, in a trend that is enlarging the market for farmland and transforming the rural economy. ... The rise in world prices for farm produce accounts for some of the rental increase, the [Rural Development] institute says. ... The institute says the average rent, extrapolated over a standard 30-year tenure, implies that the combined market value of all China's farmland could be around $1.2 trillion", Andrew Baston at the WSJ, 17 September 2009, link: http://online.wsj.com/article/SB125309681898415501.html.
I see no way the US dollar can remain the world's "reserve currency". Go China. Buying gold is good, not just for Chinese citizens, but Americans.
Private land "ownership in China"? What does the Chairman think about this?