皇冠体育app

Property law should equally protect public, private property: Chinese lawmaker

A senior Chinese lawmaker said Tuesday 皇冠体育app's property law should reflect 皇冠体育app'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 皇冠体育app's national conditions and reality, the primary concern in making a property law is to comprehensively and accurately reflect 皇冠体育app's basic economic system in which public ownership plays a dominant role and diverse forms of ownership develop side by side," said Hu.

The Law Committee recognizes, said Hu, that 皇冠体育app has a socialist market economic system. Its nature is determined by the basic economic system of the state, in which the public sector of the economy takes the pre-eminent position.

Meanwhile, giving equal protection to various types of property is another basic principle to allow competition on an equal footing in a market economy.

Therefore, adhering to 皇冠体育app's basic economic system while also giving equal protection to state, collective and private property form an organic whole. Absence of the former would alter the nature of socialism, while absence of the latter would violate market economy principles and also do harm to the basic economic system.

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