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This is pretty basic knowledge, there is only State and Collective owned land in the PRC. Individuals can only obtain _leases_ of State owned land. Property rig
by donavanm 2y ago
This is pretty basic knowledge, there is only State and Collective owned land in the PRC. Individuals can only obtain _leases_ of State owned land. Property rights of _buildings_ are distinct, but will generally follow land title/lease.
https://english.www.gov.cn/services/investment/2014/08/23/content_281474982978047.htm https://english.www.gov.cn/services/investment/2014/08/23/co...
- defrost 2y agoCollective ownership isn't State or Government Ownershaip (negating the "all land" part) and in China "State Ownership" is an underlying ownership that doesn't carry the weight of immediate direct ownership, hence nail houses where individual lease holding rights that are automatically renewed trump the underlying state ownership. Point being, it's not as simple as it's made out to be and it's not dissimilar to many other countries that have a notion of underlying ownership, seperation of surface and mineral rights, cave outs for eminant domain, etc. In this specific context it's not especially clear what the GP's "how's that working out for them" is meant to convey.