What does it mean to buy real estate in China?

china real-estate

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?

406 2015-08-06 Gentleman

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 10 years ago 0

A. 2

So what happens after 70 years?

Gentleman 10 years ago 0

A. 3

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

Gentleman 10 years ago 0

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 10 years ago 0

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 10 years ago 0

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