Advancing the Arbitration System Reforms in China
Article from: TDM 1 (2011), in China
(Edited by Ms. Qianlin Wang) - The issuance of the Arbitration Law of the People's Republic of China (Arbitration Law) marked a transition from the administrative arbitration system to modern commercial arbitration system; one following international standards. China's arbitration had leaped into a new stage of history. Through its smooth implementation, the Arbitration Law has increased the international status and prestige of arbitration in China from the outside perspective, and promoted the reform of political and economic systems in China. As a result, it plays a leading role in ...