2015-12-16

Liaobu Town Publicly Protests Land Auction

For two straight days, the town of Liaobu, part of Dongguan, has publicly protested a scheduled land auction with a full page complaint in the local party newspaper. The court has ordered the auction stemming from a payment dispute between a town owned company and another company. I don't know how big of a story this is at the moment, but it has made national news and I learned of it from a Weibo alert. Chinese law doesn't use precedent so there may be nothing to learn from this case, but if there are many defaults in 2016, this type of case could become more common considering how much debt is on the books of local governments and their local SOEs.

Sina: 东莞一镇政府连续两天发声明骂法院:罔顾事实

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