Why China's homeowners prefer universal rights
Only in the past three decades has China’s ruling Communist Party allowed people to own a residence. Now about 96% of city dwellers own a home, usually in high-rises. Despite this leniency, the party ensures the state still owns the land under housing structures. Private ownership, contends party leader Xi Jinping, is a “Western” system. He dismisses the notion of “universal values,” such as a right to own a home and the land it sits on. Only the party, he says, can define China’s particular “core values.” Yet millions of Chinese living in ...
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