China parliament to pass landmark property legislation – Benjamin Kang Lim

From Reuters, via China Post:

China’s parliament opens its annual session on Monday with hopes of passing a landmark bill that would protect private property for the first time and see Communist leaders embrace another pillar of free markets. The National People’s Congress is likely also to pass a corporate income tax bill that would end preferential treatment for foreign-funded firms, trim the budget deficit and debate measures aimed at tackling rural poverty and pollution.

The 12-day NPC session will be its last before the 17th Communist Party Congress this autumn, when a sweeping leadership reshuffle is expected as President Hu Jintao cements his grip on power. [Full Text]

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