3 ms·
My concern with Chinese property rights is the nature of the land use right rather than the respect those rights receive for from the government. For example i
by spacebanana7 3y ago
My concern with Chinese property rights is the nature of the land use right rather than the respect those rights receive for from the government.
For example instead of buying a house in China, people obtain residential land use rights from the local authority for a period of up to 70 years [1]. AFAIK this translates to a 70 year leasehold contract in British, which isn't that much. It's very possible, in theory, to 'purchase' a house in China and have be unable to live in it within your lifetime.
[1] https://en.wikipedia.org/wiki/Property_law_in_China https://en.wikipedia.org/wiki/Property_law_in_China