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> technically people can’t own land in China, they’re just leasing it from the government So it works like land in the UK, which is all owned by the King of En
by Convolutional 4y ago
> technically people can’t own land in China, they’re just leasing it from the government
So it works like land in the UK, which is all owned by the King of England, but which is "leased" from him?
- Waterluvian 4y agoI think a core difference is that the law doesn’t stipulate that the land defaults back to the Crown after 100 years. The difference is that in one system it’s symbolic and in the other system it has practical effects to manage ownership. I don’t think the Crown can decide, “I think we’ll just stop renewing the lease on this.”
- notahacker 4y agoThat's... not how land in the UK works. Even the fraction of land which is owned by the Crown Estate and has tenants with fixed term contracts and obligations isn't administered by and doesn't send revenues to the King...
- Convolutional 4y agoThe fraction of land the Crown Estate owns, plus the land it gains when an estate is intestate. Plus the reversionary rights of the Crown Estate. You are correct in what you said, but as I said, it works in China like it does in the UK (with of course some differences naturally). If you consider how the Crown Estate works in the UK, China works in a similar way.
- ginko 4y agoChinese land grants are limited in time. For instance residential leases last 70 years.[1] This means that the first leases granted after the communist revolution in 1949 are going to run out in 6 years. [1] https://en.wikipedia.org/wiki/Property_law_in_China#Obtaining_land_use_rights https://en.wikipedia.org/wiki/Property_law_in_China#Obtainin...