From China in Transition blog:
In explaining the draft property law to lawmakers as well as the public, China’s top leader and some experts have been stressing the message that one aim of the law is to encourage Chinese people to create wealth.
Mr. Wang Zhaoguo, vice chairman of the Standing Committee of the National People’s Congress, read an explanation of the property law to a NPC plenary on Thursday, telling over 3000 NPC delegates that the law protects private properties, including legal income, real estate, savings and investments.
“These stipulations,” Mr. Wang said, “are conductive in stimulating people’s initiative to create and accumulate wealth and promote social harmony.” [Full Text]
