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
Twyla Tharp dance will open 700
NEW YORK (AP) — The 700-seat amphitheater at Little Island, a park in Manhattan built above the Huds2024-05-07Natalie Portman shows Benjamin Millepied what he's missing in sexy see
Natalie Portman showed her ex-husband Benjamin Millepied what he was missing as she sizzled with sex2024-05-07As earnings season rolls into its heart, hopes rise for broader gains
NEW YORK (AP) — As the heart of earnings reporting season arrives on Wall Street, investors hope tha2024-05-07Prince Harry confirms he is now a US resident
LONDON (AP) — Prince Harry, the son of King Charles III and fifth in line to the British throne, has2024-05-07Overseas businessmen show confidence in Hong Kong's business environment
HONG KONG, April 30 (Xinhua) -- A number of trade exhibitions were held in Hong Kong in April, attra2024-05-07The Titans go into the NFL draft flexible at No. 7 with lots of needs to fill
NASHVILLE, Tenn. (AP) — The Tennessee Titans have been among the league’s biggest spenders in free a2024-05-07
atest comment