Thursday, March 08, 2007

China announces new property law
March 8, 2007

China has unveiled a landmark law that will boost the protection of private property rights.

This is the first piece of legislation in the Communist country to cover an individual's right to own assets.

Analysts say the move is an important step away from Chinese egalitarianism and towards a market economy.

The bill will also reportedly boost protection against land seizures, which have become a major source of unrest among farmers in rural areas.
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