Yes, it is long overdue.  For all the businesses running in China the last 27 years, nobody owned property except the Chinese government.  What businesses got were rights to use the land for 50 or 70 years.  I believe the same is true in Hong Kong.

Is there a big difference between owning the land in perpetuity or just owning it for 50 years?  Apparently, it makes a difference for some really long planning businesses ….

China to pass controversial private property bill - USATODAY.com

After 30 years of economic reform and 14 years of debate, China’s legislature today is set to recognize the legitimacy of private property in a law that provides the first modest legal protections.

Passage by the National People’s Congress (NPC) is virtually certain. That’s because legislation doesn’t come to a vote at the annual meeting of the NPC unless the Communist Party has approved it and assured its passage. Even so, the vote hasn’t been without controversy.

Since the Communist revolution in 1949, China has permitted only public ownership. The party stripped landowners and others of private property, persecuting them and declaring all property collectively owned.

This is awesome.  There is nothing wrong with Chinese being on the moon.  However, there is something I wanted to note — if USA could put a man in the moon in the 1960s about 8 or so years after determining the challenge that they wanted to , why would it take now twelve years ( 2019) for them to repeat the feat?  They’ve done this before.

 Is it because the standards and expectations are now higher, and therefore the price of failure more expensive, that the price of being successful becomes higher because the person is more afraid to fail?  Is that what happens to people who succeed?

China could be the next to land on the Moon, says NASA

It seems the next humans to step on the moon may just be the Chinese. This statement was made by NASA’s administrator, Michael Griffin who said that the combination of budget cuts, the obstacles in the NASA lunar program and a well-funded effort by the Chinese has finally made the previously unthinkable possibility, a real one.