From article: 'With 6.7% of the population belonging to the CCP that means 93.3% are not Communists—they just live in a country where actual ownership of everything belongs to the collective and/or the state. You don’t buy property in China. In urban China, you lease it and you can sell the lease to someone else, but in most of rural China the land is owned jointly by the people and the state. There is no rent, no mortgage and no property tax. You also can’t sell the house you live or the land you farm. Rural Chinese might not earn much money, but they also don’t get evicted by the bank for missing mortgage payments.'
A few China versus U.S. questions I have been thinking about for some timeilookchina.net
Making comparisons between the United States and China.
Published on February 17, 2015 06:40