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Private Ownership Reconsidered in China

Posted by: Connie Chung
Thanks to: Connie Chung
21 October 2003 - 5:00am

Private ownership of land, which was banned in China for the past 54 years, may be included in the country's revisions of its current constitution.

The Chinese government continues to advocate for "pushing ahead with market reforms, elevating living standards and re-employing workers left jobless by economic reforms. But nowhere did the government...confirm what diplomats and foreign analysts expected to take place-- adding private ownership to the constitution of an ostensibly communist land that is fast embracing the free market. The hints, however, were everywhere....Private property rights are a key demand of China's entrepreneurs, and it would boost private investment."

Full Story: China eyes property ownership
Source: The Boston Globe, October 14, 2005
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