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Home >> Business
UPDATED: 08:19, October 25, 2005
Land issue main topic in property rights law discussion
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Members of the Standing Committee of the National People's Congress (NPC) and some NPC deputies focused their attention on the issue of land as they were discussing the proposed property right law on Monday.

The propsed property law was submitted to the ongoing 18th session of the NPC Standing Committee, China's top legislature, for the deliberation.

China's top legislator Wu Bangguo took part in the discussion.

Addressing the article 205 of the proposed draft law that prohibits public-owned land to be pawned, Wang Shouchen, said that the land, except for that of farmers' home-use, should be allowed for pawning.

"This would produce more capital which is crucial for the development of the rural areas, and curb usurious loan as well," he said.

Huang Daifang, a deputy to NPC, said that allowing farmers to pawn their land would lead to increasing number of homeless people and moreover, social unrest, speaking from his own experience as arural resident.

Huang's opinion was agreed by other members, who considered increasing number of homeless people as a potential harm to socialstability.

Members also agreed that the revised property rights law should aim at better safeguarding the country's economic system and public interests.

Chinese legislature released the full-text of the draft law on property rights on July 10, and generated public for soliciting revision opinions for over a month.

On Sept. 26, Wu presided over a discussion, soliciting opinion from NPC Standing Committee members and NPC deputies on the revised property rights law.

Members also agreed during the discussion that drawing public opinion on the revision of the law reflects the legal democracy.

Source: Xinhua


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