Note that "homeowner" in China means leaseholder. So strictly speaking, they aren't really homeowners. Land in cities is owned by the state as per the Chinese constitution, and then pieced up and handed out to citizens via temporary (decades long) leases.
Note that "homeowner" in China means leaseholder. So strictly speaking, they aren't really homeowners. Land in cities is owned by the state as per the Chinese constitution, and then pieced up and handed out to citizens via temporary (decades long) leases.