Thursday, May 16, 2013

Property Rights in China

A few years ago, China amended its constitution to provide an express right to private property. Presumably, this was intended to reassure foreigners that their investments would be safe from seizure by government officials.

But what does it mean for individual Chinese? Apparently, very little. When police showed up at the home of Shen Jianzhong after it was beset by a mob of 50 thugs bent on running him off the property to facilitate a developer's plans, the police told him to sign their contract.

The Jaded Consumer has covered China's official oppression over supposedly-protected property before.

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