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With massive growth taking place in the real estate industry, how
can China develop a free market and private ownership of land while
still officially subscribing to Communist ideology? This study uses
fieldwork interviews to establish how the Chinese real estate
market operates in practice from both legal and business
perspectives. It describes how the market functions, which laws are
applicable and how they are applied, and how a nation can achieve
dramatic economic growth so rapidly while its legal system is so
unsettled. The book demonstrates how China is drawing on the world
for ideas while retaining a domestic system that remains
essentially Chinese, and how the recent revitalization of China's
real estate market has confounded the predictions of many
developments economists.
With massive growth taking place in the real estate industry, how
can China develop a free market and private ownership of land while
still officially subscribing to Communist ideology? This study uses
fieldwork interviews to establish how the Chinese real estate
market operates in practice from both legal and business
perspectives. It describes how the market functions, which laws are
applicable and how they are applied, and how a nation can achieve
dramatic economic growth so rapidly while its legal system is so
unsettled. The book demonstrates how China is drawing on the world
for ideas while retaining a domestic system that remains
essentially Chinese, and how the recent revitalization of China's
real estate market has confounded the predictions of many
developments economists.
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Nadine Gordimer
Paperback
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R398
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