Property law

Equal protection and 'survival of the fittest'

(China Daily)
Updated: 2007-03-09 07:24

Wang Shengming, deputy director of the NPC Law Committee:

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 various laws.

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 responsibilities.

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 illegal methods.

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 angles.

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 promotes harmony.

(China Daily 03/09/2007 page6)

Question Session

The Supreme People's Court will send back cases to provincial courts for retrial if it evaluates that a death sentence has been passed without proper .

From our readers

 Jim: Those who label China a "threat" have ulterior motives to do so.

 MT: There should be no doubt in anybody's mind as to the ability and will of the Chinese govt. to achieve the said target of poverty reduction.

 tragicjoker: But for the fact that it is so tragic for the repeated raped sex slaves, the fairy tales modern Japanese militarists concoct about Japan's most shameful chapter in the treatment of women in human history are just outrageously amusing and mindboggling.

 tonyqi: Thanks to the provincial government's effort, nowadays the situation in Jiangsu is improving.

 WHY: western countries and their media have always attacked China's consumption of energy, and also regard China as a new colonial in Africa, why?

Hot Forum Topics

 When Taiwan unites, Should Chen Shui Bian be tried in Chinese court for treason?
 9 involved in Shanghai fund scandal get sacked
 Why China cannot be over-populated?
 Beijing demands US cancel planned missile sale to Taiwan
 Washington Post: China plans rise in military spending
 Chinese Premier Wen Jia-bao's article

A new law to unify income taxes for both Chinese and foreign enterprises has been in the pipeline for a while. It is high time to get it passed to create an equal taxation footing for all businesses in the country.
In the Limelight

Property law:
Property law gets fine-tuned in latest round


Corporate tax:
Explanation on China's draft enterprise income tax law


Financial reform:
China must develop its bond market

· 'Expand distribution of wealth'
· The risks and returns of a financial supermarket

Supportive forces for NPC/CPPCC:

· Migrant workers
· Get ready for the NPC, CPPCC sessions
· Foreign minister meets the press (20)
· Foreign minister meets the press (19)
· Foreign minister meets the press (18)
· Foreign minister meets the press (17)
· Foreign minister meets the press (16)
    Chinese fireworks too noisy, say advisers
Two political advisers are seeking to extinguish firecrackers during the Chinese New Year holiday.
    1 million parking spaces needed in Beijing
Beijing needs to build at least 1 million parking spaces to cope with the increase of cars.
Copyright 1995-2006. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form.
Note: Browsers with 1024*768 or higher resolution are suggested for this site.
Registration Number: 20100000002731