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Property lease expiries prompt outcry, confusion

The simmering issue of property rights in China has burst into the open with the upcoming expiry of residential leases in several wealthy cities and a contentious plan to charge homeowners to renew them, the Financial Times reports. China has no private property rights, and since reforms in 1980s has created a patchwork of leases. The issue is in the spotlight as 20-year leases in Wenzhou in eastern China are due to expire, with the local government asking homeowners to pay up to a third of their homes’ value to renew their rights, sparking outcry. The Property Law of 2007 says land-use rights can be renewed but does not specify the criteria for doing so, adding to the confusion.

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