What does it mean to buy real estate in China?

A. 1

In China, it's basically a way to give real estate a license.
It's a right to use it for 70 years

Gentleman 9 years ago 0

OK

A. 2

So what happens after 70 years?

Gentleman 9 years ago 0

OK

A. 3

It hasn't been 70 years yet, so China doesn't know what will happen.

Gentleman 9 years ago 0

OK

A. 4

In China, production means such as land, raw materials, and resources are not privatized. (On the contrary, consumer goods are privatized)
We still have to wait and see, but we will not allow privatization to maintain the political system.

Gentleman 9 years ago 0

OK

A. 5

There is still a lot of controversy in China.
For now, it gives you the right to use it for 70 years.
I'm not sure what happens to the building.

Gentleman 9 years ago 0

OK