Alternative Title

建设工程承包人优先受偿之功能研究

Publication Type

Journal Article

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

Research Areas

Law of Transnational Business

Publication

Peking University Law Review

Volume

7

Issue

1

First Page

1

Last Page

65

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

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