China’s Property Law Takes Effect – Xinhua
China’s landmark Property Law that provides equal protection to both state and private properties was put into effect on Monday.
The law approved by the national legislature in March after repeated revisions and unprecedented eight readings is seen as a significant step in the country’s efforts to further economic reforms and boost social harmony.
The 247-article law stipulates that no units or individuals may infringe upon the property of the state, the collective and the individual. [Full Text]