Trust is key if China’s international arbitration goals are to succeed, experts say

Experts believe trust is crucial for China to achieve its international arbitration goals. While China has significantly updated its Arbitration Law, the key challenge is convincing foreign parties, especially Western ones, to choose mainland China as a venue for dispute resolution. This comes as China aims to position cities like Beijing, Shanghai, and Shenzhen as international arbitration hubs, competing with established centers such as London and Singapore. The revised law, effective March, represents the most substantial reform to the commercial dispute framework since 1994. The success of these efforts hinges on building confidence among international users, a factor considered more critical than the resources invested.