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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (16612)	4/7/2007 12:14:46 PM
From: TobagoJack	Read Replies (2) \| Respond to of 217873

some may claim that the usa japan and europeans are quite adapt at stealing ... especially after murdering ... or did i not read my history correctly ... or did you forget? do you also think it is nothing to do with intelligence, rather with the culture?

To: Ilaine who wrote (16612)	4/7/2007 12:42:31 PM
From: foundation	Respond to of 217873

re: Try rewarding innovation instead of rewarding theft, you'll come out ahead. ---------- Try rewarding thrift instead of rewarding rampant credit creation, you'll come out ahead.

To: Ilaine who wrote (16612)	4/8/2007 1:20:52 PM
From: Brumar89	Read Replies (1) \| Respond to of 217873

Chinese have invented things in the long ago past as can be seen by googling - chinese invention. Possibly the lack of laws encouraging and protecting inventions has something to do with more recent deficits. On the subject of property rights - Recently China took a step in the direction of stronger property rights - in land only though not intellectual property. Still progress is progress. China Passes Law Bolstering Private Property Rights Posted on Mar 27th, 2007 with stocks: FXI Carl T. Delfeld submits: Investors in the China exchange-traded fund or ETF (FXI) are investing in 25 large state-owned companies but in a larger sense are betting on the overall growth and potential of the Chinese economy. Privatization is critical to this continued growth and the private ownership and transfer of property is a critical issue. According to Asia specialist Matthews, after the Communists took over China in 1949, the government collectivized privately-held land on a large scale. In the late 1970’s, China underwent economic reforms whereby the notion of individual property rights resurfaced. One of the most important breakthroughs since then was the privatization of housing in the mid-1990's. At that time, Chinese citizens were granted the right of ownership over their domicile, but not the land underneath it. This right was a boon to the urban population, but was of limited value to rural farmers. In past years, many disputes arose between farmers and property developers over land seizures in which the farmers were given little or no compensation. Last week, at the Tenth National People’s Congress [NPC], China passed new laws effective October 1st, 2007 aimed at bolstering private property rights, particularly focused on land use rights. It should be noted that the new laws do not grant outright freehold ownership of land; nor does anyone know how well these laws will be enforced. However, the new laws do grant longer term control over land and potentially pave the way for the transfer of properties across generations, thereby unlocking a critical component of the private economy. china.seekingalpha.com One reason to think more will come is the interesting property rights fight going on in China – apparently it is getting lots of public attention on the blogosphere – this site has plenty of photo coverage and blog entries in both English and Chinese: globalvoicesonline.org Commentary from chinalawblog: China's New Property Laws -- What They Will Mean Posted by Dan Harris on March 13, 2007 at 02:56 AM Discussion: Comments (13) : TrackBacks (1) : Linking Blogs : Add to del.icio.us Jeremy Gordon over at China Business Services Blog has an excellent post on China's soon-to-be enacted new property laws, entitled, "The Private Property Party." The post cites extensively from a cover story in the Economist Magazine, entitled,"China's next revolution: A new property law is a breakthrough, even though it raises hopes that one-party rule may dash." Jeremy's post begins by noting that the Chinese name for the Communist Party is the "Public Property Party" and wonders how the proposed property rights laws will influence China's view of itself. I recently explained communism to my 9-year old daughter as "where the government owns or strongly controls all (or nearly all) business and property." China's soon-to-be enacted new property laws will mean I will either need to change my definition, or remove China from "the list" of communist nations. I am sticking with my definition. For how long can China stick with theirs? Gordon's post really shines in summarizing the draft of the proposed law: • The proposed law's provisions....range from general statements of principle to specific clarifications of certain grey areas. • Many of the law's provisions are contained in other regulations issued in recent years. But supporters of the bill say that combining these elements into one law enacted by the country's top legislature would give them additional weight. • The draft tries to streamline the registration of property sales and make it easier for interested parties to check details. • [T]he latest draft, unlike the 2005 version, gives farmers the right to renew their land-use leases after they expire. Unlike urban land, which is state-owned with usage rights granted for periods of between 40 and 70 years, rural land is "collectively" owned. Farmers are given 30-year leases (though often no supporting documents) to use plots of land. • The law will put no new limits on the government's powers to appropriate land. • Most important, the ban on mortgaging farmland will remain. Though I do not expect China's new property laws to directly impact foreign businesses in or involved with China, I do see these laws eventually bringing large scale change to China that will necessarily affect all business there. The Economist rightly notes that "the passage of laws is not the rule of law," yet these reforms are a step in the right direction. China's institutionalizing private property ownership will have to impact how the people, governments, and businesses in China conduct themselves. Ownership empowers. chinalawblog.com