Mark Kitto writes in Prospect magazine about why he is leaving China after 16 years:
I must stress that this indictment has nothing to do with the trajectory of my own China career, which went from metal trading to building a multi-million dollar magazine publishing business that was seized by the government in 2004, followed by a retreat to this mountain hideaway of Moganshan where my Chinese wife and I have built a small business centred on a coffee shop and three guest houses...That our current business could suffer the same fate as my magazines if the local government decides not to renew our short-term leases (for which we have to beg every three years) does, however, contribute to my decision not to remain in China.
Property rights are important.
by Editor | Nov 27, 2012 at 11:09 am
Related Topics: China, Government ownership
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