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
Messi in and Dybala out in Argentina squad for pre
BUENOS AIRES, Argentina (AP) — Lionel Messi is in and Paulo Dybala is out of Argentina’s squad for f2024-05-21Xi Hosts Central Asian Leaders in Historic Silk Road City for Milestone Summit
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21Xi Congratulates and Encourages Teachers and Students of Macau University of Science and Technology
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21Chinese, Kyrgyz Presidents Hold Talks, Elevate Bilateral Relationship
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
NEW YORK (AP) — OpenAI says it plans to halt the use of one of its ChatGPT voices after some users s2024-05-21Autumn scenery of imperial Xiaoling Mausoleum in Nanjing, E China
People visit the imperial Xiaoling Mausoleum, the burial site of the Ming Dynasty's (1368-1644) foun2024-05-21
atest comment