Revised law mulled on small firms
China’s top legislature is considering amending the nation’s law on boosting small and medium-sized businesses for the first time since it was adopted in 2003, according to a statement onMonday. The revised draft was submitted to legislators for a first reading at the bimonthly session of the National People’s Congress Standing Committee, which runs fromMonday to Nov 7. rises, sales of commercial and residential property were up 50.5 percent year-on-year to 1.15 trillion yuan ($170 billion) in value, the provincial real estate association said. Average prices rose 14.1 percent to 11,168 yuan per square meter. Many cities in Guangdong’s Pearl River Delta have seen rising housing prices in the past one or two years. In Shenzhen, prices of some residential quarters have more than doubled since 2015.