A Critical Weakness: China is Attempting to Embrace Property Rights
Publication Date: January 2008
Publisher(s): Hoover Institution on War, Revolution, and Peace
Author(s): Jialin Zhang
Series: Hoover Digest
Keywords: Property Rights; China
Property rights in China are poorly defined, which is why the nation has an underdeveloped, inefficient market economy known for corruption, abuse of power, and an expanding gap between the rich and the poor. The Chinese government acknowledges more than twenty types of ownership. Policy makers and academics now realize that without clear property rights, a market economy cannot prosper, yet in practice, property laws remain murky, and obscurity and confusion persist.