Private Property Law?

So, is China finally going to open up and keep private property valid?

Or is this their last play before the old cycle reasserts itself, and the peasants storm the bastions of the mandarins?

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8 Comments

  1. Hmmm… interesting…

    I think it’s “wait and see” on this one…

    Reply
  2. Zathras

     /  March 8, 2007

    This is just a bone being thrown to give Western investors a false sense of security. Once it is convenient, the protection will be gone. And any storming of the peasants into the bastions of the mandarins will be about as as successful as it was in 1989.

    Reply
  3. Zathras

     /  March 8, 2007

    By the way, wordpress is having issues today. I could not post with Firefox, and the formatting was completely screwed up. On M$ explorer it looked fine.

    Reply
  4. Not likely. Even if private property is nominally recognized (remember, all tyrannies privatize profit and socialize loss), it’ll be really easy to “forfeit” one’s property should one transgress Party interests.

    Reply
  5. Alex

     /  March 8, 2007

    I agree with Zathras on this one, especially when one remembers how business is done in China. Formal agreements on paper in China are really just the start of negotiations, they’re not the end. Sec. Paulson and so many others before him with the current administration continue to struggle with this property issue, which the Chinese will not change until it is solely in their interest to do so.
    As for peasant uprisings…that is more of a problem than the party lets on. But its more about environmental damage than wealth at the moment since those in the west of China are far behind those in the east in both health quality (due to pollution) and monetary wealth. The number of riots that China actually reports and those actually witnessed by international media don’t match – and those are just the ones that the international media did catch. China is seriously underreporting the uprisings to save face, but they are occurring and it has them worried. Which is why Hu Juntiao is promoting “green/sustainability” policies in recent addresses to the party congresses lately.

    Reply
  6. I do believe that China does feel some pressure from international groups asking for fundamental things like copywrite protection. However, I also think that the example of Taiwan is something they are far more worried about. The more that the Chinese mainlanders read about the quality of life there as opposed to their own, the more that the virtues of the ancient Chinese tradition of capitalism become valuable.

    God help Taiwan when the Red Chinese gain dominion.

    Reply
  7. Alex

     /  March 8, 2007

    What is going on in Hong Kong is what will happen to Taiwan when and if China gains control of it. Some things will change, but the rich will stay rich as long as they give honor to the party.

    Reply
  8. Convivialdingo

     /  March 8, 2007

    If you haven’t seen the Frontline special I’d really recomend it. Not only is it a fascinating history of the “June 4th” incedent – but it makes some interesting forcast into the future concerning many of these issues.

    http ://www.pbs.org/wgbh/pages/frontline/tankman/view/

    Reply

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