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That's not true, you buy and sell limited time span land use grants: http://en.wikipedia.org/wiki/Chinese_property_law http://en.wikipedia.org/wiki/Chinese_prop
by lnanek2 12y ago
That's not true, you buy and sell limited time span land use grants:
http://en.wikipedia.org/wiki/Chinese_property_law http://en.wikipedia.org/wiki/Chinese_property_law
E.g. the government gets it back after some period like 70-90 years. You don't own the land you just buy and sell use of it for time periods.
- seanmcdirmid 12y agoNobody is banking on that being true later either, though it is the law of the land now. What is the gov going to do at the 90 year mark, confiscate everyone's home whose ancestors bought 90 years ago? Tricky....