China makes headway in building international commercial arbitration centers
In 2023, eight arbitration institutions in the pilot areas for the construction of China's international commercial arbitration centers handled a total of 79,000 cases with a value amount of 600 billion yuan (about 84.56 billion U.S. dollars), according to the Ministry of Justice.
A total of 2,251 foreign-related cases were handled and concluded by these institutions last year, accounting for 72 percent of foreign-related cases handled and concluded across the country, the ministry said at a press conference on Tuesday.
These numbers indicate that phased results have been achieved in the pilot areas, said the ministry.
In 2022, the Commission for Law-based Governance of the Communist Party of China Central Committee issued a document to carry out pilot projects for the construction of international commercial arbitration centers in Beijing, Shanghai, Guangdong and Hainan.
Related articles
Winnipeg Jets coach Rick Bowness is retiring after 38 NHL seasons
Rick Bowness walked off the ice following the Winnipeg Jets’ final loss of the season, which elimina2024-05-07Goalkeeper Nahuel Guzmán suspended for 11 games, fined for pointing laser at rival in Liga MX match
MEXICO CITY (AP) — Nahuel Guzmán, a goalkeeper for the Mexican club Tigres of Nuevo Leon, was suspen2024-05-07Exiled opposition official asks Hun Manet to help clear 2022 charges — Radio Free Asia
A former opposition party lawmaker now living in Canada has asked Prime Minister Hun Manet to interv2024-05-07Early Solomon Islands election results show shakeup in most populous province — Radio Free Asia
A Solomon Islands politician ousted as premier of the Pacific island country’s most populous provinc2024-05-07How Queen Mary could look to Queen Silvia: King Carl Gustaf and his wife's 47
King Frederik X of Denmark and his wife Queen Mary have arrived in Stockholm today for their first s2024-05-07Kansas adds AJ Storr after he led Wisconsin in scoring this season
AJ Storr is transferring to Kansas after leading Wisconsin in scoring this past season.Storr said Th2024-05-07
atest comment