China Set to Resolve Urban Property Rights – Shanghai Daily

Shanghai Daily reports that China’s new property law will be effective in October:

China’s top law makers yesterday began deliberations on two key laws designed to address long-standing problems with property acquisitions and resolve monopoly issues.

Among them, a draft amendment to the law on urban real estate administration would authorize the State Council to detail specific measures for the orderly expropriation of urban houses and apartments….[Full Text]