Contracting under uncertainty, Chinese real estate edition

Gregory Stein (Tennessee) recently posted Commercial Leasing in China: An Overview. We missed it when it first came out because it’s not classified as a contracts article, but it’s got some interesting stuff for contracts profs. Here’s the abstract:

In an effort to understand how and why investors and other professionals are willing to participate in China’s unsettled commercial leasing market, I recently interviewed Chinese and Western experts in the real estate field, including lawyers, judges, developers, bankers, government officials, and academics. This Article summarizes my findings about China’s commercial leasing market. China’s new property law provides some insight into how China’s real estate market functions, but a full picture requires an understanding of how these professionals have operated in a legally uncertain environment, both before and after the new law became effective.

FGS