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Crime of Contract Fraud under China Laws

Author :   Time :2021-11-10

Most of the time, it’s a good experience to have a deal with Chinese companies, as China is one of the biggest market in the world and produced goods with high quality and cheaper price.
However, when it comes to a dispute with a China company, you should know how to safeguard your rights according to the laws of China. Apart from the civil and commercial proceedings to resolve a controversy, there are also criminal remedies which may help you when it’s hard to do a normal civil or criminal lawsuit. Here below 
Lawyer Jingzhan.Wang introduce one of provisions of China Criminal Law: the crime of contract fraud.
Contract fraud means that some individual or company, with an intention of illegal possession,  acquire other’s property by cheat in signing or performing contract

Firstly the defendant has cheated the counterparty with deliberation, having the intention of illegal possession.

Secondly the defendant has the behaviour of cheating in the method of concealing facts 

Thirdly, in consequence, the victim is caused a loss of a comparatively big amount by the cheat

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