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What is community property to be jointly owned by the spouses in China?

Time:2021-03-08 07:58:20Source:Click:
Under Chinese Civil Code, unless there is an agreement, the following property acquired by the spouses during their marriage constitutes community property and are jointly owned by the spouses:

(1) salaries and wages as well as bonuses and other remuneration received from services rendered;
(2) proceeds obtained from production, business operation, and investment;
(3) proceeds arising from intellectual property rights;
(4) except as otherwise provided in Subparagraph (3) of Article 1063 of this Code, property acquired from inheritance or given as a gift; and
(5) other property that shall be jointly owned by the spouses.
 
Husband and wife have equal rights when disposing of the community property.