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:
Related suggestion:
Autumn view of Potala Palace in Lhasa, SW China's TibetXiconomics: How ChinaXi Story: The Growth Story of a 'Dot'International pump track park to open in China's ShenyangXiplomacy: How Close PeopleView of Zhalong National Nature Reserve in northeast ChinaXiconomics: How ChinaFeature: Books on Xi's Thought Key to Understanding ChinaXiplomacy: ChinaXi Sends Congratulations to 32nd Arab League Summit
2.8668s , 6497.859375 kb
Copyright © 2024 Powered by China makes headway in building international commercial arbitration centers ,Earthly Exploits news portal