Draft law backs right to private property
By Liu Li (China Daily)
Updated: 2006-08-23 06:33
Property law should equally protect public, private property: Chinese
lawmaker
A senior Chinese lawmaker said Tuesday China's property law should reflect
China's basic economic system and also the principle of equal protection of
state, collective and private property.
Hu Kangsheng, vice-chairman of the Law Committee of the National People's
Congress (NPC), made the remarks at an ongoing session of the NPC Standing
Committee where the draft property law is being given a fifth reading.
"The Law Committee holds that considering China's national conditions and
reality, the primary concern in making a property law is to comprehensively and
accurately reflect China's basic economic system in which public ownership plays
a dominant role and diverse forms of ownership develop side by side," said Hu.
The Law Committee recognizes, said Hu, that China has a socialist market
economic system. Its nature is determined by the basic economic system of the
state, in which the public sector of the economy takes the pre-eminent position.
Meanwhile, giving equal protection to various types of property is another
basic principle to allow competition on an equal footing in a market economy.
Therefore, adhering to China's basic economic system while also giving equal
protection to state, collective and private property form an organic whole.
Absence of the former would alter the nature of socialism, while absence of the
latter would violate market economy principles and also do harm to the basic
economic system.
 | 1 | 2 |
|
