Draft property law gets 6th reading
October 31, 2006 | BY
clpstaffChina's controversial draft property law, which covers both public and private ownership, has been tabled before the National People's Congress (NPC) for…
China's controversial draft property law, which covers both public and private ownership, has been tabled before the National People's Congress (NPC) for its sixth reading.
On October 27 2006, the NPC Standing Committee commenced a five-day legislative session. In a report from the NPC Standing Committee, the latest version of the property law is relatively well-written and legislators have achieved consensus on major issues, according to Xinhua.
China's draft law, which protects private land ownership, was first submitted to the legislature in 2002. In early 2006, the law was withdrawn from the NPC session amid worries that the country's first specific law to protect private property ownership could undermine the legal foundation of China's socialist system. After the fifth reading in August 2006, the law was revised to instil state ownership at the core of the economic system.
Legislators at the NPC Standing Committee appear to have achieved an ideological consensus on the draft. Specific issues, such as the ownership of parking spaces, the transfer of rural housing and the law's coverage of rivers and oceans, will be discussed at the next full NPC session in March 2007.
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