China embraces private property.(Bernardo M. Villegas) From: Manila Bulletin | Date: April 13, 2007 | COPYRIGHT 2007 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

KARL Marx, who said that private property is theft, must have turned in his grave when the Chinese parliament recently passed a law giving protection to private property in the most populous country in the world. Private property in real estate, stocks and bonds, and other forms of capital investments now is as legal as public and collective ownership in China. The law was approved by an overwhelming majority of 2,799 votes in favor, 52 against, and 37 abstentions. It is clear that ...