China to beef up property rights protection

China will step up protection of property rights to provide sustained impetus for economic development, according to a decision made at the State Council executive meeting chaired by Premier Li Keqiang on Wednesday.

Businesses will have better protection for operational and property rights, and private businesses will have protection equal to their public sector counterparts. Protection of residents' property rights will also be enhanced.

In his Government Work Report this year, Li said government will work faster to improve its protection system and guard the rights of economic entities under all forms of ownership and the property rights of citizens.