I don’t have any more information about that. The woman didn’t buy anything because she had always been planning to move back to the US. I really, really would not recommend buying Chinese real estate. There is a reason the Chinese preferr investing outside China. It would be much better for you to be selling to them here.
Well my opinion is that there is no way for a westerner to actually live in China.
One can work there, but one is always “temporary” so I would never live there.
I am curious now though. We do not have reciprocal rights I know. I do not believe we should be quite so generous with the Chinese, when they are not open to us.
Just saying.
With five times America’s population, this is a very meaningful relationship, and it will not become less important.
We must have an equal and sharing relationship.
In my opinion, that is not currently the case.
This is why I am so concerned we seem to be blindly rushing to ever increase the amount of business we send there.
Just saying.
Thanks.
OK here is what I found:
“A foreign investor is not allowed to buy land in China. The land in China belongs to the state and the collectives.”
Source: http://en.wikipedia.org/wiki/Chinese_property_law#cite_note-6
There is a law passed in 2007 which is incredibly long, but that appears to be what the situation is.
Foreign investors are not allowed to buy land.
Just saying. Seems to be still true.