Wang Shengming, deputy director of the NPC Law
The law will consolidate and facilitate the development of the public sector
by clarifying the scope of state and collective property, and the functions of
State and collective ownership. It will strengthen the protection of State
property. It will also encourage and guide the development of the private sector
as it clarifies the scope of private property and protect it in accordance with
Yin Tian, professor at Peking University:
The law is a necessity to regulate the market within a socialist market
economy, which is stipulated in the Constitution. The draft law stipulates the
principle of equal protection, which is in line with the nature of the market
economy and in adherence to the Constitution.
Fair competition, equal protection and the survival of the fittest are the
basic principals of the market economy. All players have equal status in the
market, enjoy the same rights, observe the same rules and bear the same
If the different parts of the market are not provided equal protection, it
will not be possible to develop a socialist market economy.
Wang Liming, law professor at Renmin University of China:
Equal protection for State and private property will help improve China's
market conditions and promote fair competition and the survival of the fittest.
Only by practising equal protection can the country adhere to its basic economic
system. The people won't allow the country to grant different protection to
State and private property. But the law will not protect property seized through
Li Guoguang, deputy director of the Consultation
Committee of the Supreme People's Court:
To prevent the loss of State property, the draft
strengthens the protection of State-owned property from different
It also gives full and accurate expression to the basic policies of the Party
in rural areas at the present stage and protects the profits of rural residents.
It addresses the most urgent problems, coordinates all kinds of interests and
(China Daily 03/09/2007 page6)