China Steps Up Arbitration of International Business Disputes: Report

China released an annual report on international business arbitration on Monday, which showed that China’s status in international arbitration has improved over the past year.

Efforts have been made in arbitration cooperation between China and Association of Southeast Asian Nations (ASEAN) to deepen their economic and trade relations and facilitate regional connectivity, as well as with members of the Regional Comprehensive Economic Partnership (RCEP).

China International Economic and Trade Arbitration Commission (CIETAC), which ranked among top five most preferred arbitration institution in the world in 2021, inaugurated an ASEAN Trial Center of CIETAC in Nanning, Guangxi Zhuang Autonomous Region on August 16, as one of the latest efforts by the CIETAC to improve arbitration work…

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