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��Home>>Politics
Lawmakers deliberate bills on property, corporate tax
www.chinanews.cn 2007-03-08 09:43:13
(Source: Xinhua)
Lawmakers listen to an explanation about the draft Property Rights Law
that grants equal protection to state and private properties in the Great
Hall of the People March 8, 2007. [Xinhua]
Beijing, March 8 – China’s top legislature, the National People’s
Congress (NPC), on Thursday started examining two draft laws aimed to
grant equal protection to state and private properties and introduce a
unified income tax for domestic and foreign-funded enterprises.
The draft property law and the draft enterprises income tax law were
submitted for deliberation to the ongoing annual full session of the
Tenth NPC, as the lawmakers started their second plenary meeting in the
Great Hall of the People in Beijing at 9 a.m. Thursday.
“Enacting the property law is necessitated by the need to uphold the
basic socialist economic system…by the need to regulate the order of
the socialist market economy…(and) by the need to safeguard the
immediate interests of the people,” said Wang Zhaoguo, vice chairman of
the NPC Standing Committee, while reading an explanation on the law to
the lawmakers.
The law is enacted to apply “the principle of equal protection to the
property of the state, the collective and the individual in accordance
with the provisions of the Constitution” and “strengthen the protection
of state-owned property”, Wang said.
He said under the conditions of the socialist market economy, which is
stipulated in the Constitution, all players have equal status on the
market, enjoy the same rights, observe the same rules and bear the same
responsibilities.
“If the different subjects of the market are not provided with equal
protection, or if the methods used for settling disputes or the legal
responsibilities to be borne are varied, it will not be possible to
develop the socialist market economy, nor will it be possible to uphold
and improve the basic economic system of socialism,” Wang said.
To prevent loss of state property, the draft strengthens the protection
of state-owned property from five aspects, stipulating that illegal
possession, looting, illegal sharing, withholding or destruction of state
property is prohibited.
Those who cause loss of state property shall bear legal liability,
according to a full text of the draft distributed to reporters at the
session.
Wang said the law was also drafted with the principle of “giving a full
and accurate expression to the basic policies of the Party in rural areas
at the present stage” and was written to address the most urgent problems
to coordinate all kinds of interests and promote harmony.
In order to grant the farmers a long-term and guaranteed land-use right,
the draft property law stipulates that when farmers’ land contracts
expire, the contractor can have the contract renewed.
As part of the draft civil code, the property law was submitted to the
NPC Standing Committee for the first review in 2002 after nearly 10 years
of preparation.
To fully consider the interests of all social sectors, the law’s drafters
published the law to the public in July 2005 and pooled more than 10,000
suggestions.
After an unprecedented seven times of reading, NPC Standing Committee
decided last December to put it for voting at the Fifth Session of the
Tenth NPC, believing that the draft “represented a crystallization of the
wisdom of the collective and was about to be mature”.
China’s legal experts said that the draft reflects China’s basic
socialist economic system and will help improve China’s socialist market
economy and speed up the building of harmonious socialist society once
adopted.
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