Source: CCTV.com

12-26-2006 10:19

Special Report:   2007 NPC & CPPCC

Members of the Standing Committee of the National People's Congress are discussing draft Property Law. Most members voiced satisfaction on this version of the draft, and expect that it will be considered at the full session of the NPC in Spring.

Members said the draft law reflects the basic principle of the Socialist economic system, and are in line with the fundamental interests of Chinese people.

It also provides solutions for urgent questions.

NPC Standing Committee Member Zheng Gongcheng said:"the law has been made much clearer, and can be used as a guide for us to deal with current property rights issues. I am personally optimistic that the law can be considered and approved at the Plenum next year."

The new version of the draft clarifies property ownership, an area that had been ambiguous.

It also highlights property ownership of township and village enterprises.