China – The new Chinese contract law: a brief introduction

Shan Gao
2012 Amicus Curiae  
BACKGROUND The legislative process for the new Contract Law began in 1993 when problems could no longer be resolved by the old contract laws: domestic contracts, foreign contracts and technology contracts were governed by different contract laws with different o J principles and even different regulations; the provisions of the old contract laws were too general to prevent fraud; and the new economic activities such as financing, leasing, entrustment and commission agencies needed specific new
more » ... eeded specific new regulations. In accordance with the legislative schedule of the NPC's Standing
doi:10.14296/ac.v1999i21.1442 fatcat:ntgihmlfwzfcdmyr2nxms7msmi