The Foreign Economic Contract Law of China: Case and Analysis

Abstract

The Foreign Economic Contract Law of China is an especially important example of contract law in a transition economy because it governs all the contracts between Chinese and Foreigners. The purpose of this research is to summarize all known FECL cases that are available to June, 1993. Following an overview of China's contract especially FECL, the cases located through the search are summarized and analyzed by illustrating a wide range of dispute resolution processes including negotiation, mediation, arbitration, the administrative process and litigation in order to indicate that business planning and negotiation are no less important in China than elsewhere.