After decades of legislation, China has finally established its own basic legal system. But that system leaves much to be desired; there are still loopholes to fill. Therefore, in the coming years, more effort is needed.
In China, the economic and political, as well as many other social institutions, are still immature and need to be further developed. As a result, the laws governing finance, the transfer of land-use rights, housing, and ecological protection are far from adequate to meet the needs of healthy growth. So they need to be constantly amended to adapt to changing circumstances.
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