05-10-2017 (2) An example of Chinese Style Business

In 1980 times, China has no government property registry system, how my family property was sold
may be a great example of Chinese style business.

Around 1987 or 1988 time when I was still in college, my father got a letter from his siblings that a family property in my hometown origin, my great grandfather's birth town, was sold. My father did not let me read the letter but I was informed my father's share was about ￥700-800. It was great then since I was a big burden to my father's income. Now look back what I heard about that transaction when I was in China.

That property had somebody live in there at that time, I heard it was my grandfather's younger brother's family initiated move to sell it ever since China acknowledge private owned properties are lawful private wealth. I heard my father's siblings heard about it prompted them rushed back to the town to get my grandfather's share. I heard there was some arguments that it should be my father's inheritance, but eventually the house was sold and my father got that letter. I heard my father's no involvement got his low share and I heard no distinctive ownership was ever acknowledged. But the house was sold and cashed. Heard they paid residents some cash to move out. Just like this.

---- May 10th, 2017