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""" According to the Constitution, land in cities is owned by the State; land in the rural and suburban areas is owned by the State or by collectives. (Constitu

""" According to the Constitution, land in cities is owned by the State; land in the rural and suburban areas is owned by the State or by collectives. (Constitution, art. 10.) Although individuals cannot privately own land, they may obtain transferable land-use rights for a number of years for a fee. There are a series of laws and regulations regulating the land-use rights and ownership of residential property, including: ... """ https://blogs.loc.gov/law/2015/03/chinese-law-on-private-ownership-of-real-property/ https://blogs.loc.gov/law/2015/03/chinese-law-on-private-own... I am not an expert.

sho 9y ago
> I am not an expert Well me neither, but I certainly doubt all those Shanghainese are dropping millions on apartments that they don't even own! And yes, real estate is leasehold, although the difference between auto-renewing leasehold and eminent domain-subject freehold seems to be a matter of semantics. The only country I'm aware of where a private citizen seemingly really can resist the ability of the state to seize their land, and thus actually does appear to genuinely "own" it, is Japan.
vacri 9y ago
Do a google image search for 'nail house'. Clearly there's sufficient property rights for individuals to hold onto their houses to that degree.