From Xinhua, via People’s Daily Online:
A senior Chinese lawmaker said Tuesday in Beijing that 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. [Full Text]
See also Draft law backs right to private property by Liu Li.