Separate Aspects of the Transformation of Legal Regulation of Contractual Relations Against the Background of Digitalization (on the Example of the People’s Republic of China and the Russian Federation)

Using the example of the development of contractual legal relations in the People’s Republic of China and the Russian Federation, the article shows certain aspects of the transformation of legal regulation and adaptation of civil legislation to the changing realities of economic reality in the context of digitalization. The author comes to the conclusion that there is a gradual adaptation of civil legislation to those processes associated with digitalization, active implementation and use of information technologies. In terms of regulating contractual relations, the People’s Republic of China has gone through a difficult path, which began with the reception of foreign experience. She achieved rationalization of legislation, not only by integrating the 1999 Contract Law, administrative rules, and judicial interpretations into the Civil Code, but also taking into account modern processes of electronic interaction between counterparties. The experience of the PRC may be useful for improving our civil legislation.