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Do China's 70 year land leases not function as an equivalent to a property tax?
by usaar333 9y ago
Do China's 70 year land leases not function as an equivalent to a property tax?
- seanmcdirmid 9y agoNot really, because everyone assumes they will be easily and cheaply rolled over like they were done in Wenzhou a few years ago. It is expected that the Chinese government will eventually abandon the land lease system and replace it with a property tax one. But they won't do so until the current bubble pops.