If one looks back at the 1990's, one will recollect that China has been the window of golden opportunity for lawyers and business people. While the talk of the day is about the global internet economy, a focus on one single country whatever its size seems almost a matter for backward and provincial academics. China has awakened and provides at least as many opportunities as the internet. The latter feeds its claim to fame from the overheated irrational expectations of influential market participants and the mass media. It thus impacts on the Wall Streets around the globe and the value of stock portfolios of a generation of nouveaux flemmards , whose declared aim in life is to earn their living through speculation.
China is entirely different.
Its impact translates into the balance sheets of companies. It generates business that is reproduced by phenomenal rates of domestic growth and international trade. The upcoming ascent to the World Trade Organisation will boost this trend. The new Chinese Contract Law is the last contract law codification of the 20 th century and is likely to turn out to be of its most important. The book published on 1 October 1999 delivers plenty in its 201 pages.