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Economic legal system of PRC as the context of establishment of the Chinese investment law
Lyu Yuinin

Post-graduate student, the department of Theory and History of State and Law, Kuban State University

350000, Russia, Krasnodar, Rashpilevskaya Street 43, office #20





This article analyzes the Chinese normative, doctrinal, and historical legal material regarding the questions associated with the establishment of the investment law in PRC. The author determines the states of economic development of China, key positions and spheres of the open policy reform, peculiarities of China’s economic development, trends of development of China’s economic legal system, as well as normative legal foundation of the investment law. Due to the differences in prevalence of one or another ideology affecting the development of economic system at various stages, in the structural sense, content, and management of economic and legal systems, the mechanisms of implementation alongside the impact of economic legal system significantly vary at each stage. The author underlines that since the establishment of People’s Republic of China in 1949, the Chinese economic legal system has undergone multiple and constantly transforming stages, which illustrate different peculiarities at each of the stages that manifest as a result of interaction between the changing economic system and legal ideology. For the first time in Russia is examined and generalized the experience of legal development of the investment legal relations in China, which are of great importance for the assessment and improvement of PRC’s legislation in the field of investment activity.

Keywords: legal basis of the investments, economic reform of the People's Republic of China, market system of economy, planned economy, economic system, foreign investments, legal ideology, investments, legal system, investment law



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