A landmark in property rights protection

The State Council, China's Cabinet, recently issued a guideline on how to further improve the property rights system and better protect property rights. The guideline is aimed at providing equal, comprehensive and law-based protection to all kinds of property rights.

Against the background of economic downturn, protection of property rights is critical to stabilizing China's economic and sustainable growth.

The deceleration of private investment in the first half of this year, which has raised widespread concerns, was partly due to the country's industrial restructuring and a not-so-bright market prospect. The drop in private investment is also directly related to insufficient investor confidence because of the lack of a standardized and law-based system for the protection of private property rights.