New China property rule to aid graft fight
Registration regulation is also expected to strengthen protection of ownership
Beijing
A NEW property registration regulation has allowed Chinese authorities to begin collecting ownership data on a unified platform, a move intended to strengthen protection of ownership and also shed light on corrupt officials' illicit assets.
The provisional regulation to register properties ranging from buildings, forests to maritime areas and rural homesteads was announced by China's Cabinet in December to meet the requirements of the country's Property Law passed in 2007.
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