[2025-12-19]Comprehensive Revision of Civil Code Begins with Contract Law Amendment
The Ministry of Justice decided the revision of contract law at the State Council meeting on the 16th as the first step toward modernizing the Civil Code.
The revision includes allowing adjustments to the statutory interest rate and enabling cancellation of declarations of intent made under gaslighting situations.
This marks the beginning of a comprehensive overhaul of the Civil Code, which had remained largely unchanged since its enactment in 1958.