eric_
Emperor
Regarding China Property Law
"The law does not change the system of land tenure by which the state owns all land. However, in formalizing existing practice, individuals can possess a land-use right, which is defined in Chapter 10 of the law. The law defines this land-use right in terms of the civil law concept of usufruct."
So, I guess technically they are still running State Property, although they're using a bit of an end-around...
"The law does not change the system of land tenure by which the state owns all land. However, in formalizing existing practice, individuals can possess a land-use right, which is defined in Chapter 10 of the law. The law defines this land-use right in terms of the civil law concept of usufruct."
So, I guess technically they are still running State Property, although they're using a bit of an end-around...