| ▲ | cpursley 5 hours ago | |||||||||||||||||||||||||||||||||||||||||||||||||
90% of Chinese own their own properties vs 65% of Americans, so there's that. Regarding property rights, I'm not sure how it works there but we've all seen the malls and highways that diverted around homes where owners were unwilling to sell out. Also, they actually have functional public infrastructure and have brought something like 800 million out of abject poverty. Are ahead of us in several spaces and about to pass us or at least equal us in others. Obviously I'm not arguing for that type of top down authoritarian system, but this is the objective reality. What's bizarre actually is all the denialism and copium over China - should we not be glad that they are doing better than they were 30 years ago and much more liberal than before? | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ▲ | Scoundreller 3 hours ago | parent | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||
> 90% of Chinese own their own properties By "own" you mean 70 year leases with ??? renewal conditions? > Urban land use rights in Mainland China were typically granted for fixed terms: 70 years for residential, 50 years for office or industrial, and 40 years for commercial purposes. As these terms approach expiration, the question of renewal becomes paramount. The legal framework, primarily the Property Law and the Urban Real Estate Administration Law, provides a general outline but leaves specific implementation to local governments. > Mainland China’s Property Law (Article 149) and The Civil Code of Mainland China (Article 359) guarantee automatic residential land use right renewals but provides no specific arrangement in respect of non-residential terms. Currently, without detailed implementation guidelines, local governments devise varied approaches, skewing valuations and unsettling investors. This uncertainty hinders market efficiency. https://www.cushmanwakefield.com/en/greater-china/insights/b... But yeah, you could argue that you have to pay property taxes in USA and if you don't, you'll eventually lose your land | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ▲ | monero-xmr 5 hours ago | parent | prev [-] | |||||||||||||||||||||||||||||||||||||||||||||||||
Give the average person in china the opportunity to move to America, and vice versa, there is no comparison. China has done some things right but to pretend it is some model for America is absurd | ||||||||||||||||||||||||||||||||||||||||||||||||||
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