I just think that China is socialist, so there is a concept of state ownership of land.
Then what does it mean to see real estate prices rise in China?
367 2015-08-06 Gentleman
In China, it's basically a way to give real estate a license.
It's a right to use it for 70 years
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.
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.
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