Chinese legislators confirm property bill revision
Updated: 2006-10-29 21:53
China's lawmakers on Sunday affirmed the revision of the controversial
property draft bill and suggested delivering the draft to the full session of
the National People's Congress after further review.
The latest draft makes "the protection of state, collective, and private
property" the main principle of its legislation. It also protects individual
rights to bank accounts, earned profits and residential property.
The new draft contains stricter clauses on preventing farmland from being
converted into construction sites and requires that land for factories,
business, tourism, recreation, and residential housing be put out to public
Among other major revisions, the latest version scraps a clause that would
have allowed farmers with stable incomes to mortgage the rights to use their
The bill was first submitted to the legislature in 2002 and has already been
through a rare sixth reading.