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
Nonprofit Chicago production house Invisible Institute wins 2 Pulitzer Prizes
CHICAGO (AP) — A nonprofit Chicago journalism production company dedicated to holding public institu2024-05-07Volunteers for Beijing Olympics Attend Training Session to Develop Skills
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-07Migrant Workers' Life in East China's Huzhou
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-07- Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-07
Mystery as California firefighters find two dead bodies inside 'human
California firefighters made a gruesome discovery over the weekend inside what they called a human-d2024-05-07Kids Enjoy 'Winter Games' for New Semester
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-07
atest comment