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. |
Democrats pounce on Arizona Supreme Court's abortion rulingRepublican Sen. Rick Scott softens his abortion position after Florida Supreme Court rulingPolice looking into how missing fisher went overboardBiden could miss the deadline for the November ballot in AlabamaBiden could miss the deadline for the November ballot in AlabamaTrump's abortion statement angers conservatives and gives the Biden campaign a new targetMore history for Tiger Woods. He makes the Masters cut for a record 24th time in a rowOne dead, two injured in South Waikato crashesTrump's hush money trial: What to know with jury selection to begin MondayDon Donoher, the winningest basketball coach at Dayton, dies at 92