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New regulations on extension of epidemic loan of banking regulatory bureau
Legal subjectivity:

The lawyer replied: Yes.

Legal objectivity:

Article 180 of the Civil Code of People's Republic of China (PRC) shall not bear civil liability if it fails to perform its civil obligations due to force majeure. Where there are other provisions in the law, such provisions shall prevail. Force majeure is an objective situation that cannot be foreseen, avoided and overcome. Article 590 of the Civil Code of People's Republic of China (PRC) stipulates that if one party fails to perform the contract due to force majeure, it shall be exempted from liability in part or in whole according to the influence of force majeure, except as otherwise provided by law. If the contract cannot be performed due to force majeure, it shall notify the other party in time to reduce the possible losses to the other party, and provide proof within a reasonable time. If force majeure occurs after the delay in performance, the parties concerned shall not be exempted from the liability for breach of contract.