China Is Rapidly Overtaking the United States as the World's Scientific Superpower
China Is Rapidly Overtaking the United States as the World's Scientific Superpower
It’s more like poor China with their average $5000 per year income.
They also have a 0% homeowner rate. All property is owned by the state. As for the houses they do own, the typical city apartment or rural homestead is…deficient by Western standards.
All property is owned by the state.
In the US too, if unpaid property taxes mean your home can be foreclosed upon
I think China’s view on property ownership has it’s advantages. Since nearly every piece of land in the US is private property, building infrastructure as simple as bike paths and railroads are a nightmare.
…I guess the government could use foreclosures and eminent domain to get similar results, it’s not as consistent.