1. Article 253 of the Civil Procedure Law of People's Republic of China (PRC). If the person subjected to execution fails to perform the obligation to pay money within the period specified in the judgment, ruling or other legal documents, he shall pay double the interest on the debt during the delayed period. If the person subjected to execution fails to perform other obligations within the period specified in the judgment, ruling or other legal documents, he shall pay the delay in performance.
2. The Interpretation of the Supreme People's Court on the Application of the Civil Procedure Law of People's Republic of China (PRC) shall come into force on February 4, 20 15. Article 506 Where the person subjected to execution delays performance, the interest or money for delayed performance shall be counted from the date when the time limit for performance specified in the judgment, ruling or other legal documents expires. Article 507 Where the person subjected to execution fails to perform the judgment and performs the obligation of non-monetary payment within the time limit specified in the written ruling and other legal documents, the overdue payment shall be paid regardless of whether losses are caused to the applicant for execution. If losses are caused, double indemnity shall apply for the losses already suffered by the executor. If no losses have been caused, the overdue payment may be decided by the people's court according to the specific circumstances.
3. Reply of the Supreme People's Court on how to calculate the debt interest during the period of delay in performance. When the people's court calculates the debt interest during the period of delay in performance according to Article 229 of the Civil Procedure Law of People's Republic of China (PRC), it shall calculate it according to the benchmark loan interest rate for the same period stipulated by the People's Bank of China. If the execution amount is not enough to pay off all debts, the monetary debts and the debt interest during the delayed performance shall be paid off in proportion according to the principle of merger, unless the parties have otherwise agreed on the order of payment during execution ~