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Published in:
2015 | OriginalPaper | Chapter
17. High Risk: China’s Real Estate
Authors : Henk R. Randau, Olga Medinskaya
Published in: China Business 2.0
Publisher: Springer International Publishing
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Abstract
Ultimately, real property ownership does not exist in China. Though China’s Property Law states that citizens have “the right to possess, utilize, dispose of and obtain profits from” their properties, this right is superseded by the supreme right of the state: if property ownership or transactions harm public interests or “the legitimate rights and interests of others,” the state has the right to step in.