Property bill almost ready for voting
Updated: 2006-10-30 06:51
BEIJING -- After debating for five years, China's top legislative body
believes the latest version of the landmark property bill is "relatively
well-written" and suggests a quicker vote to pass it into law, a legislative
Lawmakers with the Standing Committee of the National People's Congress, or
the national legislature, began on Sunday a penal discussion of the sixth
version of property bill. Wu Bangguo, chairman of the committee, chaired the
The report from the NPC Standing Committee provided to Xinhua said
legislators "have achieved consensus on major issues and consider the draft is
Legislators think major provisions properly reflect the current economic
development in China and have room for further improvement. They suggest the
bill be delivered to voting at a full session of NPC as soon as possible, the
The bill was first submitted to the legislature in 2002 and had gone through
fifth readings. No laws have ever had more than five readings in the NPC's
The bill was withdrawn from the NPC's full session in March 2006 amid worries
that such a law, the country's first to protect private ownership, could
undermine China's socialist system if the rights of individuals superceded state
right to care for the collective good.
Opposition faded after drafters revised the fifth version, debated last
August, which put state ownership rights at the heart of the economic system.
The latest draft makes "the protection of state, collective, and private
property" the main principle of the legislation process.