All jokes aside, things like this are why China is beating us. I am absolutely not a fan of the Chinese government, but the simple fact is they get shit done.
It helps that in China you can’t own land. All the land is owned by the government. You only have “use rights” and for a limited time (something like 80 years - I forget the exact number). So when it comes time to build infrastructure the government just tells you to gtfo.
China has stronger property laws than the US, look up stuck nail houses. If the US wants your property, they can eminent domain your shit. In China, developers have literally had to swerve highways around property or build shopping centers around that one person who wont sell
Lies. My family had a factory in Wuxi, China. 2 buildings that were dedicated to dormitories. 4 buildings dedicated to manufacturing promotional products.
We were able to lease the land for 50 years with a 50-year option at the end of the term.
Around year 5, the government decided to turn the main dirt road into a proper road. They took back 1/4 of the land. They just used our area for staging.
About a year after the road was made, they decided to expand the road. They took back now 1/2 of the original land and buildings.
Less than a year after the expansion, they turned the 4 lane road i to a highway. They took the entire land back. My family invested millions of dollars in buildings and infrastructure. We got back pennies on the dollar spent on the investment on compensation.
My family never fully recovered financially.
I’m sure that’s the whole story.
