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
Ricky Stenhouse punching Kyle Busch could lead to suspension
NORTH WILKESBORO, N.C. (AP) — Ricky Stenhouse Jr. threw a right hook at Kyle Busch, and suddenly, an2024-05-22- Intermittent fasting has become one of the most popular diets in recent years.Followers of the eatin2024-05-22
Woman Seeks to Showcase Dong Culture
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-22Millennial Chinese Nurse Striving to Improve Self
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-22Kylie Jenner displays her VERY edgy fashion sense in cleavage
Kylie Jenner put her edgy eye for style on display once again as she stepped out in the Los Angeles2024-05-22Branded 'English pigs', rumours of devil
A British family who were hounded out of Portugal by locals who branded them 'English pigs' and spre2024-05-22
atest comment