The Chinese Land Use Right: Is It Property?
By Gregory M. Stein
The real estate boom occurring throughout China truly is astonishing. Shanghai, China’s key financial center, is said to be the home to one-fifth of the world’s consstuction cranes, which local resideent refer to as China’s national bird. This is an extraordinary developmmen in a nation in which private ownership of land is prohibited, all land is owned by governmental units or agricultural collectives, and the government is firmly controlled by a single political party that, at least in name...