Friday, March 16, 2007

China Backs Property Law, Buoying Middle Class

Now this is an interesting development. Is this the beginning of a case of "if you can't beat them join the?" Seems to be, especially in light of the open market reforms that have been going on for years.

This could also have implications for free speech, and hopefully religious freedom.

Will be interesting to watch:

After more than a quarter-century of market-oriented economic policies and record-setting growth, China on Friday enacted its first law to protect private property explicitly. Read More.

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