China's Major Tax Problem
Economics Explained
00:00
The Problem With Land Rentals in China
The chinese bond market is massive. The total value of the global mortgage back securities market is 11 trillion dollars, and in many ways, that market was probably better regulated. This is a market significantly larger than china's entire g d p. And this is all to say nothing of the other big problem with how the chinese government handles land. 22 70 year leases eventually come to an end. What do they do with that? Land. A widespread liaf has grown amongst chinese citizens that the land will never be taken back off them once these leases expire. It would simply be too politically unpopular.
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