Righting China’s Property Rights
Last month, China’s government released new guidelines to strengthen protection of land and intellectual-property rights – guidelines that are almost certain to become laws in due course. But while the new guidelines are an important step in the right direction, much more must be done to encourage local innovation.
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NEW YORK – China recently adopted new guidelines to strengthen protection of property rights. The guidelines are an important step toward ensuring long-term economic growth. But there is more to be done.