Nearly 3,000 deputies to the National People's Congress (NPC) will discuss two draft laws - the protection of public and private property and unifying the tax rates of foreign and Chinese companies' - sometime before the annual session of the NPC in March.

Wang Zhaoguo, vice-chairman of the NPC Standing Committee, said the new move is designed to help deputies fully understand the importance of the two drafts and offer suggestions and views on improvement.

The drafts of the two laws are expected to be debated and endorsed at the fifth full session of the Tenth NPC, which will commence on March 5.

The draft property law provides protection for all kinds of ownership, while the draft corporate tax law is expected to set a unified income tax rate for both domestic and foreign companies at 25 percent.

Sheng Huaren, also vice-chairman of the NPC Standing Committee, urged all deputies to join in the discussion of the two drafts and work for their smooth endorsement.

Source: Xinhua