Author(s)

Songwu Luo ¹, Yan I. Funk ²

Affiliation(s)

¹ Faculty of Law, Belarusian State University, Minsk, 220030, Belarus
² Chairman of the International Arbitration Court at the BelCCI, Minsk, 220029, Belarus

Corresponding Author

Yan I. Funk

ABSTRACT

As the world's largest economy, China faces significant pressures from its rapid economic growth. These pressures require thorough analyses and strategic policy adaptations, especially in contract law. This topic uses the literature review method, comprehensively applies relevant policy documents and the research results of domestic and international scholars, and systematically researches the global challenges and countermeasures faced by China's contract law in the economic environment. In responding to the above-mentioned challenges, China has adopted a series of countermeasures in theory, practice, and policy, highlighting the important role of legal guarantees and contract implementation, and strengthening the formulation and improvement of contract law. The survey results show that after implementing the strategy, the legal completeness of 20 provinces has increased to 88%-96%, and the legal completeness can indeed be significantly improved.

KEYWORDS

Contract Law, Economy Growth, Global Challenges, China's Policy Direction

CITE THIS PAPER

Songwu Luo, Yan I. Funk, Global Challenges to Contract Law in the Economy and China's Strategic Response: Principles, Practice, and Policy Directions. Science of Law Journal (2024) Vol. 3: 157-163. DOI: http://dx.doi.org/DOI: 10.23977/law.2024.030321.

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