What Is an Inefficient Market?

Low-efficiency land refers to the stock of construction land with scattered layout, extensive use, and unreasonable use in cities and towns.

Inefficient land

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Low-efficiency land refers to the stock of construction land with scattered layout, extensive use, and unreasonable use in cities and towns.
Urban low-efficiency land-Ministry of Land and Resources (2013) "Guidance Opinions on the Pilot Project of Urban Low-efficiency Redevelopment
(1) Prohibited and eliminated industrial land stipulated by national industrial policy;
(2) Land that does not meet the requirements of production safety and environmental protection;
(3) "Retreat from two into three" industrial land;
(4) Towns, factories, mines, and villages in cities, etc., which have scattered layouts and backward facilities, are planned for transformation.
Ministry of Land and Resources (2013) "Guiding Opinions on the Pilot Project of Redevelopment of Urban Low-Efficiency Land"

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