No mention if China's other headache, the fractious legal system. Things like land title, equity rights or non-expropriation (government's taking/buying private assets) are centuries old doctrine in the west. Those looking to invest billions into 'next-gen' manufacturing facilities want legal stability, stability measurable in decades. China isn't there yet.
"Things like land title, equity rights or non-expropriation (government's taking/buying private assets) are centuries old doctrine in the west. Those looking to invest billions into 'next-gen' manufacturing facilities want legal stability, stability measurable in decades. China isn't there yet."
There are stories in the news from time to time about situations where you have an old woman who's been living in the same place for decades (see the movie "Up" for a fictional example), and she's the last person on the land to accept payment for the land and move. The builders - either a company or the government, wind up having to build around. The way they do it is very passive-aggressive, but there /is/ law over there when it comes to land ownership. It's not all state property.
Further, do you really "own" your land here in the US? Nobody I know does. You either pay rent (taxes) to the government on the land or the land is taken from you.
There is no such thing as totally private land ownership.
WRT manufacturing plants:
Every new company in China has to be majority Chinese-owned. The government has smartened up over the decades and left behind the "everything is owned by the state, even your toothbrush" to something in between total private ownership and public ownership. So they have rules like the above which anger US investors, but are geared to the interests of the Chinese public.
They take care of their own. We used to do that here in the US, but it's all become "fuck you, the free market fixes everything!!!" wharrgarble.
>> Further, do you really "own" your land here in the US? Nobody I know does. You either pay rent (taxes) to the government on the land or the land is taken from you.
Don't get legal theories from fringe websites. That line of thinking is a stone's throw from "US citizens don't have to pay taxes" and "Driver's licences are unconstitutional". Such websites are what got Wesley Snipes in so much trouble. Read some actual legal texts at your local law library
Property ownership is a thing in the US (and canada, france, the UK and the rest of the western world). The government cannot take your land without full value compensation, even if you don't pay your taxes. They can condemn your land and sell it to pay your debt, giving you all that is left, but that is a long legal process where the rights of the landowner are given much consideration and ample opportunity. They are not a landlord reclaiming property.
