The Legal Issues Of Pure Economic Loss

Pure economic loss is a topic that is relatively marginal in China,which is the behavior of the victim directly leads to the economic disadvantage of the victim and such losses are not predicated on the victim’s personal or property damage,within the scope of tort liability law.Therefore,it is more in the judicial practice to show that the victim’s "wallet" is damaged.Pure economic loss has been given much attention in European academy while it is been on research in our country when issuance of Tort Law.Although there is no signal of pure economic loss relief within our legal system,we need to analyze and study whether our existing legal system can cope,when similar problems arise in judicial practice.To discuss the legal issues of studying pure economic losses,it is inevitable to start with its conceptual characteristics,and through the comparison of the similar types of losses to highlight the essential features,the concept can be further re-recognized.At the same time,by summarizing the treatment model of dealing with pure economic losses within the scope of comparative law in Europe,it is observed whether the practice after more thorough discussion can be used in the legal system of our country.An analysis of the policy considerations for restraining compensation for pure economic losses in order to obtain a comprehensive understanding as a whole.The focus of this paper is to observe how to treat pure economic losses in China’s judicial practice on the basis of retrieving all the judgment documents on the “pure economic loss” keyword in the China Judgements Online,to show that China is currently solving it.The current state of loss to understand the current state of its protection has a clear positioning.Finally,at this stage of the Civil Code of China,we are making reasonable suggestions on how to better protect the pure economic losses,and try to enumerate the requirements for their protection.When it is met,we can consider giving relief.The conclusions of the analysis and research are helpful to solve the problems that arise in the judicial practice in our country.