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.
