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An investor who wants to invest or develop land or property in China must bear in mind China's property laws, most notably the property law introduced in 2007, [7] which for the first time protects the interest of private investors to the same extent as that of national interests. [8]
The Property Law of the People's Republic of China (Chinese: 中华人民共和国物权法; pinyin: Zhōnghuá Rénmín Gònghéguó Wùquán Fǎ) is a property law adopted by the National People's Congress in 2007 (on March 16 [1]) that went into effect on October 1, 2007.
Article 2 of the document states that the civil law governs personal and property relationships between natural persons and legal persons having equal status. It covers a wide range of topics, including the General Principles, marriage law, property law, contract law, copyright law, and trademark law.
In March 1998, the first meeting of the Civil Law Drafting Working Group decided to "go in three steps": first determine the "Contract Law of the People's Republic of China" to establish the order and unity of the socialist market economy ; secondly formulate the Property Law in 4–5 years time to establish complete rules the basic rules of ...
China will allow cities to set their own property taxes instead of requiring them to conform to one tax regime, a senior lawmaker said on Thursday, in one of the most detailed official comments on ...
China's long-mooted - and long-resisted - property tax is set to gain new momentum as President Xi Jinping throws his support behind what experts say would be one of the most profound changes to ...
Real estate in China is developed and managed by public, private, and state-owned red chip enterprises.. In the years leading up to the 2008 financial crisis, the real estate sector in China was growing so rapidly that the government implemented a series of policies—including raising the required down payment for some property purchases, and five 2007 interest rate increases—due to ...
China’s property industry began to cool in 2019 and fell into a deep trough about three years ago after a government-led clampdown on developers’ borrowing.