Trust is Crucial for China's International Arbitration Goals, Experts Say
Experts believe that building trust is essential for China to achieve its international arbitration goals and attract foreign parties, especially amidst US-China rivalry.
China’s international arbitration efforts have made significant progress, but more work is needed to attract foreign parties to arbitrate in China amid US-China rivalry, according to arbitrators and law scholars. China’s newly revised Arbitration Law took effect in March, marking the most significant overhaul of the country’s commercial dispute framework since 1994, in a move to promote cities such as Beijing, Shanghai and Shenzhen to develop into international arbitration centres, competing...