Watchdog draws up new property system

A unified property registration system is being drafted by the nation's land watchdog in a move that experts say will help fight corruption, pave the way for property tax pilot plans and protect natural resources, including land, forests and water.

Rules and regulations for the system will be issued before July, Tang Jian, director of the Land Policy Research Center under the China Land Surveying and Planning Institute, said on Thursday.

The institute is a think tank for the country's land policy.