PROPERTY LAW OF THE PEOPLE’S REPUBLIC OF CHINA

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PROPERTY LAW OF THE PEOPLE’S REPUBLIC OF CHINA

PROPERTY LAW OF THE PEOPLE’S REPUBLIC OF CHINA
Property Law of the People’s Republic of China,9 reads:
Article 1
For the purpose of safeguarding the basic economic system of the state, maintaining the socialist market economic order, clarifying property ownerships, giving play to the utilities of properties and protecting the real right of the right holders, this Law has been formulated in accordance with the Constitution.
Article 3
In the primary stage of socialism, the state upholds the basic economic system under which the public (state) ownership shall play a dominant role and diversified forms of ownerships may develop side by side. The state consolidates and develops the public (state) economy, and encourages, supports and guides the development of the non-public economy. The state practices the socialist market economy system and safeguards the equal legal status and development rights of all market operators.

Reagrading the EUROPEAN COMMISSION STAFF WORKING DOCUMENT ON SIGNIFICANT DISTORTIONS IN THE ECONOMY OF THE PEOPLE’S REPUBLIC OF CHINA FOR THE PURPOSES OF TRADE DEFENCE. The Whole document you could find here

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