Ann: Vmoto's 4Q23 Market Update, page-60

For example:

"Holders of commercial ahd industrial property will also be able
to renew them. They will pay a somewhat higher fee than their
residential counterparts, though probably considerably less than fair
market value. They, too, will not be displaced from their property.
Domestic and international investors will accept these renewal fees
as a foreseeable and reasonable cost of doing business in China and
not terribly different from similar charges that other nations impose.
The market will continue to function with little upheaval, and the
government Will enjoy the ongoing proceeds of this more reliable
funding source.
If these predictions prove true, residential property owners will
pay relatively less for the right to continue to control their land than
commercial or industrial owners will pay. The business community's
taxes and renewal fees thus will partially subsidize residential
owners. This is a common feature in Western markets, where tax
rates are often set at a higher rate for business property than for
residential property.1 3 1 Of course, the businesses that pay these
higher fees are in a position to force these costs forward into the
economy by pricing their increased land costs into the goods they
produce and sell and the services they provide."