Chinese President Hu Jintao calls on the nation to study conscientiously the
property law and create a new situation in building socialist country ruled by
Implementation of the property law should be based on the actual
condition of China in the initial period of socialism. It should serve the
fundamental interests of people and help build a socialist harmonious society,
Hu said at a group study by the Political Bureau of the Central Committee of
Communist Party of China (CPC) on Friday.
Hu, also general secretary of
the CPC Central Committee, urged people to have a better understanding of the
significance that the property law gives equal protection to the state,
collective and individual property rights, unswervingly stick to China's basic
economic system, safeguard the lawful rights and interests of Chinese people and
make the legal system perfect.
China's top legislature, the National
People's Congress (NPC), adopted the landmark property law on March 16, granting
equal protection to public and private properties, which is due to come into
effect as of October1, 2007.
Hu praised the law as an important step to
form a legal system of Chinese characteristics and a significant move to
implement the basic strategy of governing the country according to law.
He urged leading officials to take the lead in studying and implementing
the property law and correctly handling the relations between power exertion and
protection of people's rights.
He also asked officials to deepen reform,
improve the socialist market system and create a more fair and open market
Liang Huixing, a researcher with the Chinese Academy of Social
Sciences, and Wang Liming, a professor of People's University of China, were
invited to give lectures on the enactment and implementation of the property law
during the group study.
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