The application of proper law of the contract, the contract is the core issue of the application of the law. Through the theory and practice of long-term exploration of context in determining the proper law of the contract has been formed by some of the world universally accepted principles, such as the most closely linked to the principle of self-contract theory.China's contract law scholars basically advocates the application of the principle of autonomy mainly to the most closely linked to the principle of complementary. However, the threshold of the 21st century, international economic and commercial relations between the increasingly complex and diverse, especially in the economic globalization, the globalization of law put forward a new theory, such as the need for the application of the rules of contract law and to improve the timely adjustment.

The application of governing law is the key issue in international contract. Through long-term exploration in both theory and practice, some widely accepted principles have been established in determining applicable law of contract, such as the principle of the most significant relationship, the theory of proper law of contract. As to this problem, our scholars basically insist on that taking the principle of party autonomy as primary and the principle of the most significant relationship as supplementary. However, the international financial and commercial relationship has been more and more complicated and diversified since 21st century, especially new theories such as the financial globalization, and law globalization have been proposed requires timely adjustment and improvement on the principle of law application on contract.

Key word: International Contract, Applicable Law,Principle of Party Autonomy, Principle of Most Significant Relationship, The Proper Law Of Contract

The application of the Applicable Law of Contract is the key problem of the application of international laws of contract.
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