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BIZCHINA / From the Watchdog
China to amend realty management law
(Xinhua)
Updated: 2007-08-20 15:38
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 August 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.
(For more biz stories, please visit Industry Updates)
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