China’s new constitutional protections

Minx­in Pei of the Carnegie Endow­ment “argues(link to Finan­cial Times)”: for insti­tu­tion­al changes to back up the recent moves[⇒ relat­ed sto­ry] to pro­tect pri­vate prop­er­ty. bq. …the Chi­nese gov­ern­ment needs fur­ther to lib­er­alise the econ­o­my and make the judi­cial process more inde­pen­dent and effec­tive. Such insti­tu­tion­al changes are indis­pens­able in mak­ing the pro­vi­sion about pro­tec­tion for pri­vate prop­er­ty mean­ing­ful because, as for­mu­lat­ed, pro­tec­tion is grant­ed only to “legal pri­vate prop­er­ty”. Today, gov­ern­ment restric­tions out­law numer­ous legit­i­mate eco­nom­ic activ­i­ties. Laws gov­ern­ing mar­ket trans­ac­tions need to be draft­ed or updat­ed. The par­ty’s con­trol of the judi­cia­ry also casts doubt on courts’ abil­i­ty to deter­mine fair­ly which pri­vate prop­er­ty is legal and which not.

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