In China, Homeowners Find Themselves in a Land of Doubt
All land in China is owned by the government, which parcels it out to developers and homeowners through 20- to 70-year leases.
All land in China is owned by the government, which parcels it out to developers and homeowners through 20- to 70-year leases.
Wenzhou case underscores uncertainty over land leases in country where government owns all the land.