“It Must Be Rectification of Names” — Politics, History, and Science
Recently, the issue of the extension of property rights on Chinese real estate has come to light, and many people have only then discovered that the so-called “automatic renewal” in the Property Law as they had understood it was merely a misunderstanding; “automatic,” it turns out, does not include the meaning of “free,” and moreover there is no fixed amount for how much one must pay to renew. Wenzhou said one would have to pay 30 percent of the housing price to renew, and then issued a clarification saying the matter was still under study. But the problem is: if the rules were already established long ago, why must the…
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