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Top legislature adopts people's congress supervision law
Latest Updated by 2006-08-28 08:20:22
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China
Top legislature adopts people's congress supervision law
Regulations set for managing foreign partnerships
Top legislature adopts corporate bankruptcy law


 
Wu Bangguo (C), chairman of the Standing Committee of China's National People's Congress (NPC), the country's top legislature, addresses the closing ceremony of the 23rd meeting of the 10th NPC Standing Committee at the Great Hall of the People in Beijing, Aug. 27, 2006. (Xinhua Photo)

China's top legislature on Sunday voted to adopt a new law, trying to enable its lawmakers to better supervise the government.

The Supervision Law of Standing Committees of People's Congresses at Various Levels, which would enhance the supervision power of the lawmakers and prevent administrative and judicial bodies from abusing authority, will go into effect on Jan. 1, 2007.

It was passed at the 23rd session of the Standing Committee of the 10th National People's Congress, China's top legislature. The session was concluded here Sunday afternoon.

"The correct implementation of the law must be ensured," said Chinese President Hu Jintao, also General Secretary of the Chinese Communist Party Central Committee, at a meeting with leaders of non-Communist parties, federations of industry and commerce and personages without party affiliation.

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Regulations set for managing foreign partnerships

Foreign enterprises or individuals setting up partnership enterprises in China should abide by regulations made by the State Council, according to the revised partnership law, adopted on Sunday.

China's top legislature, the Standing Committee of National People's Congress, voted to adopt the revised partnership law, which will go into effect on April 1, 2007.

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Top legislature adopts corporate bankruptcy law

China's top legislature, the Standing Committee of the National People's Congress, on Sunday adopted a corporate bankruptcy law, aiming to protect both creditors of bankrupt enterprises and the people who work in them.

The law will come into effect on June 1, 2007. The current enterprise bankruptcy law will be abolished at the same time.

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Editor: Yan

By: Source: China View website
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