Chinese President Hu Jintao calls on the nation to study
conscientiously the property law and create a new situation in
building socialist country ruled by law.
Implementation of the property law should be based on the actual
condition of China in the initial period of socialism. It should
serve the fundamental interests of people and help build a
socialist harmonious society, Hu said at a group study by the
Political Bureau of the Central Committee of Communist Party of
China (CPC) on Friday.
Hu, also general secretary of the CPC Central Committee, urged
people to have a better understanding of the significance that the
property law gives equal protection to the state, collective and
individual property rights, unswervingly stick to China's basic
economic system, safeguard the lawful rights and interests of
Chinese people and make the legal system perfect.
China's top legislature, the National People's Congress (NPC), adopted the landmark property law on
March 16, granting equal protection to public and private
properties, which is due to come into effect as of Oct. 1,
2007.
Hu praised the law as an important step to form a legal system
of Chinese characteristics and a significant move to implement the
basic strategy of governing the country according to law.
He urged leading officials to take the lead in studying and
implementing the property law and correctly handling the relations
between power exertion and protection of people's rights.
He also asked officials to deepen reform, improve the socialist
market system and create a more fair and open market order.
Liang Huixing, a researcher with the Chinese Academy of Social
Sciences, and Wang Liming, a professor of People's University of
China, were invited to give lectures on the enactment and
implementation of the property law during the group study.
(Xinhua News Agency March 25, 2007)