Editorial: China’s New Civil Code Will Be a Cornerstone for Reforms
China’s decades-long attempts to instate an overarching law outlining the rights and responsibilities of its 1.4 billion citizens came to fruition at the recently concluded session of the country’s legislature. The National People’s Congress on March 15 approved the General Provisions of the Civil Law — a preamble to the country’s first civil code — paving the way to create a framework to resolve private disputes involving property rights and contract violations among others. Lawmakers want the fully-fledged civil code to be enacted by 2020.
The Editor-in-Chief of Caixin Media.