Abstract
AbstractUnlike jurisdictions where commercial law code is adopted, PRC has taken the approach of governing commercial law matters with individual statutes, supplemented by numerous judicial interpretations. There are both national and local commercial legislation. Individual commercial statutes in Mainland China falls roughly into two categories: one governs business organizations, and the other governs various commercial transactions. Civil law and commercial law are both recognized as private law by Chinese scholars. Individual commercial law statutes are regarded as special law to civil law. Commercial law legislation in Mainland China only became possible when China started to move from a planned-economy to a market-oriented economy; moreover, commercial law legislation has been part of the economic reform in Mainland China. Given the fast changing social-economic situation in Mainland China, it might be safe to conclude that commercial law in China may remain as special law to civil law and take the form of individual statutes in the foreseeable future.KeywordsState CouncilCivil CodeNational PeopleSupreme PeopleTort LiabilityThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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