China's legislature is to amend the urban real estate
administration law in line with the Property Law, which is to come
into effect in October, during an upcoming session.
The 29th session of the Standing Committee of the National
People's Congress (NPC) is expected to convene from Aug. 24 to
30.
The Property Law grants equal status to the property of the
state, the collective and the individual.
The session will for the first time read the draft amendment to
the Law on the Administration of the Urban Real Estate, the Law on
Science and Technology Progress and the Law on the Prevention and
Control of Water Pollution, and the draft laws on labor dispute
arbitration and recycling economy.
The law on recycling economy will provide an important legal
foundation and a system design for China to better develop
recycling economy which contributes significantly to energy
conservation and environmental protection, said a NPC official.
Lawmakers will continue to discuss the draft amendment to the
laws of anti-monopoly, employment promotion and animal epidemic
prevention, and the draft law of urban and rural planning.
The draft anti-monopoly law, aiming to protect fair competition,
prevent and check monopolistic behavior and maintain a regulated
market place, was submitted for first review in June 2006 and for
second review in June 2007.
The anti-monopoly law is a basic law for market economy. To
date, there have been more than 80 countries adopting anti-monopoly
law.
China planned to stipulate anti-monopoly law as early as in
1994. Experts said China's socialist market economy has turned
mature over more than one decade, and in current market
circumstances, the introduction of an anti-monopoly law is
imperative.
The draft law requires foreign purchases of Chinese companies to
go through checks to ensure there is no negative effect on China's
national security.
The legislature will also discuss and ratify two international
treaties relating to the International Thermonuclear Experimental
Reactor (ITER).
Lawmakers will also hear and discuss an investigation report on
water pollution treatment in the valleys of the Huaihe and Liaohe
rivers.
(Xinhua News Agency August 18, 2007)