State asset law under 2nd review

China's top lawmakers yesterday began discussing the key issues concerning the management of the country's 30-trillion-yuan ($4.3 trillion) worth of State assets, after being presented with a revised draft law.

Li Shuguang, a professor at the China University of Politics and Law, who was involved in drafting the law on State assets, said the revision, which is having its second reading, includes major changes from the first draft, which was reviewed late last year.

One of the key changes is that if "malicious collusion" is found to have taken place in a deal involving State assets - leading to the loss of assets - the deal is deemed invalid, Li said.