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Definition of fraud and economic disputes
Fraud and economic disputes are defined as follows:

1, which have different meanings. Economic disputes refer to the rights and interests disputes caused by the contradiction of economic rights and obligations between market economic entities. Fraud refers to the act of defrauding a large amount of public and private property by fabricating facts or concealing the truth for the purpose of illegal possession;

2. Subjective purpose is different from objective means. The subjective purpose of fraud is illegal possession, but economic disputes are not; In objective means, fraud takes the means of deceiving Kyrgyzstan or concealing facts, while economic disputes are legitimate acts. The general economic dispute is a kind of civil dispute, so it will not involve criminal offences, but it does not rule out that the perpetrator has the purpose of illegally occupying the other party's property from the beginning. In this case, if it meets the conditions, it will be identified as fraud.

Elements of fraud:

1, object element. The object of the crime of fraud is the ownership of public and private property, which is limited to the property of the state, the collective or the individual. For other illegal interests, for example, personal interests are not the objective elements of fraud;

2. objective factors. The objective elements of the crime of fraud are: defrauding a large amount of public and private property by fraud, including fabricating facts or concealing the truth. The fraud of the crime of fraud must make the victim have a wrong understanding, fall into a wrong understanding and then make the intention and behavior of property disposal;

3. Main elements. The subject of the crime of fraud is the general subject, as long as it is a natural person who has reached the legal age of criminal responsibility 16 years old and has criminal responsibility ability, it can constitute the crime of fraud;

4. Subjective factors. The crime of fraud is generally manifested as direct intention in subjective aspect, and the actor must have the direct purpose of illegally possessing public and private property.

To sum up, economic disputes refer to the rights and interests disputes caused by the contradiction of economic rights and obligations between market economic entities. Fraud refers to the act of defrauding a large number of public and private property by fabricating facts or concealing the truth for the purpose of illegal possession.

Legal basis:

Article 266 of the Criminal Law of People's Republic of China (PRC)

If the crime of fraud defrauds public or private property, and the amount is relatively large, it shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance, and shall also or only be fined; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years and shall also be fined; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined or confiscated. Where there are other provisions in this Law, such provisions shall prevail.