China has basically completed the formation of a socialist legal system with Chinese characteristics, top legislator Wu Bangguo said on Saturday.

There are laws to cover basically every area of economic, political, cultural and social activities in the country, said Wu, chairman of Standing Committee of the 10th National People's Congress (NPC), while delivering a report at the ongoing parliamentary session.

The 10th NPC Standing Committee accomplished the goal to establish the basics of a socialist legal system, which was set up when the standing committee began its term five years ago, said Wu.

(Xinhua News Agency March 8, 2008)