ORGANIZATIONAL LEGAL FORMS OF LEGAL ENTITIES IN THE PEOPLE’S REPUBLIC OF CHINA (GENERAL AND SPECIAL)
Modern China is a rapidly developing state in all spheres of activity. The effective government of the Communist Party in the conditions of the development of a market economy has led to high and quality results. The People’s Republic of China has become more open for contacts, international partnerships have developed, including the Russian Federation. In this regard, knowledge of the characteristics of a legal entity in China, its organizational and legal forms, is an important element in the system of progressive economic relations both at the global and local levels. Understanding the legal differences in the interpretation of the definition of a legal entity, the availability of analyzed information about its forms, types, powers and areas of activity, provides an opportunity to establish a new format of partnerships in the field of entrepreneurship with the business community of a neighboring friendly state.