Abstract/Sommario: After an unprecedented seven readings, China's first property law appears set to be approved by the country's top legislature this month. The law-making's process has been marked by heated debates over the nature of public and private property, and even of socialist and capitalist systems. The new law is expected to clarify property ownership rights, however, thereby encouraging investments and propelling economic development. Still, the concept of private property ownership is a new ...; [Leggi tutto...]
After an unprecedented seven readings, China's first property law appears set to be approved by the country's top legislature this month. The law-making's process has been marked by heated debates over the nature of public and private property, and even of socialist and capitalist systems. The new law is expected to clarify property ownership rights, however, thereby encouraging investments and propelling economic development. Still, the concept of private property ownership is a new one to many Chinese, and several stipulations in the new law have been weakened or removed because of a lack of consensus