New property law moving right along

[photopress:scongress.jpg,full,alignright]In a sense it seems imperceptible progress — but it is progress. On Monday China’s lawmakers on Monday unanimously agreed to table the draft property law to the fifth plenary session of the Tenth National People’s Congress for deliberation, because the draft is now pretty much in its final stages.

During the panel discussion, lawmakers agreed that the draft law, which ‘moves toward the correct political direction’ and reflects national realities, conforms to China’s fundamental economic system. It has been revised several times and there have been public comments and imput so that it is now clearer.

Zhu Xiangyuan, member of the NPC Standing Committee, said the property law supports the building of a harmonious socialist society, because people who have permanent property are more eager to have a stable society.

The draft property law, a sweeping bill designed to protect both public and private ownership, has undergone more reviews than any other bill by the NPC Standing Committee, China’s top legislature.
Source: Xinhua