On March 12nd, the State Council issued the "Decision on the Right to Authorize and Entrust Land Use Approval", the core of which is to further mobilize the investment enthusiasm of local governments by expanding the approval authority of provincial governments for construction land to keep China's economic operation within a reasonable range, and ensure the realization of the goal of building a moderately prosperous society in all respects and the 13th Five-Year Plan by 2020. This will have an important impact on the next development of the private economy, especially the role of the private economy in urban scale and urban layout, and it is a major policy opportunity to give play to the role of the private economy in the process of urbanization. Firstly, give full play to the role of the private economy in entering rural areas and promoting productivity improvement; secondly, release greater vitality of the private economy to participate in rural entrepreneurship; thirdly, increase the enthusiasm of local governments and private economy to expand natural growth land; fourthly, enhance the capacity of private economy in the construction of megacities and in the process of urbanization; fifthly, exert the main role of the private economy in market allocation of resources .
