ANOTHER TICKING TIME BOMB FOR CHINA? What Will China Do When Land Use Rights Begin to Expire? Writes Greg Stein: “China does not allow private ownership of property; rather, it lets private parties use property for periods of 40, 50, or 70 years. The first round of land use rights will begin to expire soon, and it is not clear what will happen then. This introduces uncertainty into the real estate market and could lead to public unrest.”
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