Buying Property In China

A quick one from colleague Christopher Dillon. In How to buy in China, Christopher provides a primer on how to buy a home in the People's Republic. Tip: it isn't cheap. He reminds us:

In China all urban land is owned by the state, while rural land is owned by collectives. Private ownership of land is forbidden, and urban land used for housing is leased from the state for a 70-year term. When you buy a home in China, you purchase the structure and the remainder of the land lease.

Just in case you are thinking of doing a "Depardieu." You know, the Russian actor.