Alternative Title
建设工程承包人优先受偿之功能研究
Publication Type
Journal Article
Version
submittedVersion
Publication Date
1-2005
Abstract
In recent years, China’s economic boom has drawn considerable attention all around the world. Real estate development is among the strongest pillars that support the fast growing GDP of this country. When fascinated by the shining residential buildings, office towers and public facilities sprouting across the country, however, we are also surprised at the mountains of the outstanding debts that Chinese contractors are not able to collect. Statistics shows that the aggregate amount of overdue payment to contractors has increased steadily during the past 15 years nationwide, with about $440 million in 1990, $2.4 billion in 1992, $3.7 billion in 1993 and $7.3 billion in 1995.1 As of 2004, that number climbed to a record $45 billion.
Discipline
Contracts | Secured Transactions
Publication
Peking University Law Review
Volume
7
Issue
1
First Page
1
Last Page
65
Citation
ZHANG, Wei.
Is the contractor more secure with a priority right? A functional analysis of article 286 of PRC contract law. (2005). Peking University Law Review. 7, (1), 1-65.
Available at: https://ink.library.smu.edu.sg/sol_research/2317
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