China released a guideline on better protection of property rights in an effort to shore up social confidence and promote social justice.It is the first time for China to issue a guideline of state level on protection of property rights.
The country will provide equal, comprehensive and law-based protection to all kinds of property rights and encourage the participation of the public in the process, says the guideline issued by the Central Committee of the Communist Party of China (CPC) and the State Council.
Secure property rights "raise people's sense of wealth security, boost social confidence, foster positive expectations and raise the impetus for entrepreneurship and innovation by various economic entities," according to the document.
Protection will also help social justice while maintaining healthy economic and social development.

Source: SIPO