Table 2 The changes of urban land prices in China, 2008, 2015 and 2020.

	Regions	2008				2015				2020
	Regions	Area (10⁴ha)	(%)	Revenue (RMB trillion)	%	Area (10⁴ha)	%	Revenue (RMB trillion)	%	Area (10⁴ha)	%	Revenue (RMB trillion)	%
Leased land	China	165.86	100.00	1.03	100.00	224.89	100.00	3.12	100.00	325.50	100.00	8.18	100.00
	Eastern	91.10	54.93	0.70	68.02	101.11	44.96	1.96	62.83	142.51	43.78	4.99	61.04
	Central	47.31	28.53	0.20	19.37	74.59	33.17	0.71	22.64	110.84	34.05	1.95	23.88
	Western	27.44	16.55	0.13	12.61	49.19	21.87	0.45	14.54	69.64	21.39	1.23	15.01
Leased by negotiation	China	26.63	100.00	0.07	100.00	17.56	100.00	0.15	100.00	32.39	100.00	0.31	100.00
	Eastern	13.96	52.41	0.04	56.45	9.45	53.85	0.11	74.30	17.19	53.07	0.19	63.77
	Central	6.74	25.29	0.01	19.43	5.09	28.97	0.02	15.71	9.75	30.10	0.05	17.72
	Western	5.94	22.30	0.02	24.12	3.02	17.18	0.01	9.98	5.35	16.51	0.06	18.43
Leased by Zhaopaigua	China	139.23	100.00	0.95	100.00	207.33	100.00	2.98	100.00	293.11	100.00	7.87	100.00
	Eastern	77.14	55.41	0.66	68.90	91.66	44.21	1.85	62.26	125.32	42.76	4.80	60.94
	Central	40.58	29.14	0.18	19.37	69.50	33.52	0.68	22.98	101.10	34.49	1.90	24.12
	Western	21.51	15.45	0.11	11.73	46.17	22.27	0.44	14.76	64.29	21.93	1.17	14.88

Zhaopaigua means transaction methods including two-stage auctions (guapai), English auctions (paimai), and sealed bids (zhaobiao).

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