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.
US overdose deaths dropped in 2023, the first time since 2018
Philippines take gold, China settle for bronze in Asiad men's basketball
China's Guo Wins Women's 41kg of Powerlifting Gold at 4th Asian Para Games
Philippines take gold, China settle for bronze in Asiad men's basketball
Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
Indefatigable Team of Women Transform Barren Coastal Area of Hainan with Largescale Tree
Young Woman Saving Traditional Dyeing Craft from Dying
Ditch the head to toe tweed, DO wear skinny jeans
Minnesota Uber and Lyft driver pay package beats deadline to win approval in Legislature
Young Woman Saving Traditional Dyeing Craft from Dying
Revealed: Brit tourist, 19, subjected to sex attack in Majorca 'was gang
China's Teenager Xu Wins 3rd Gold at Artistic Swimming World Cup