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Uncertainties about land leases throw China homeowners' wealth in doubt

The law does not say whether they have to pay for the renewal of expired leases and what would happen to those with shorter leases

Published Wed, Jun 1, 2016 · 09:50 PM
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Wenzhou, China

CHEN Furong and his wife bought their home 23 years ago for its proximity to the city centre and for the tree-lined canal just outside. Their dream was to pass it on to their children and grandchildren, a piece of wealth giving their family a share of China's economic miracle.

Then their neighbour tried to sell her place - and it was all thrown into doubt.

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