For more on this, we're now joined in studio by Liu Baocheng. He's the Dean of the Center for International Business Ethics at the University of International Business and Economics.

Q1. What's the logic behind China's current leasehold system? Why is there a specific time-frame? Why not just sell the land, and allow the buyers to actually own the property outright?

Q2. When these leases expire -- regardless of whether the landusers are in Wenzhou or elsewhere -- they will have to deal with the issue of "extension" at some stage, which the law says is "automatic". Can you explain what "automatic" means?