China has decided to set up three international courts to deal with disputes related to its multi-billion dollar Belt and Road Initiative (BRI), under which it is making<\/p>\n
massive investments, according to official media here Friday. The Chinese Supreme People\u2019s Court will set up international courts in Beijing, Xi\u2019an, the capital<\/p>\n
of Shaanxi Province and Shenzhen, state-run Global Times reported.<\/p>\n
The Xi\u2019an court in Northwest China will handle cases related to the Silk Road and the Shenzhen court in South China with those related to Maritime Silk Road<\/p>\n
disputes. Beijing will be the headquarters. The courts will weigh litigation, arbitration and mediation; providing legal support and solving initiative disputes, the<\/p>\n
report quoted another official Beijing Business News as saying.<\/p>\n
The plan to establish a mechanism to legally resolve trade and investment disputes arising from issues related to the BRI was approved during the second<\/p>\n
meeting of the Leading Group for Deepening Overall Reform in the Congress of the ruling Communist Party of China (CPC). China says over 60 countries have<\/p>\n
signed up for BRI investments. The BRI includes the China Pakistan Economic Corridor , over which India has protested as it traverses through Pakistan-<\/p>\n
occupied Kashmir .<\/p>\n
Proposed by Chinese President Xi Jinping, the BRI focuses on connectivity and cooperation between Eurasian countries, primarily with China. It is not yet clear<\/p>\n
how the three courts will deal with cases from different countries which have diverse legal system. A dispute settlement mechanism will be created on the basis<\/p>\n
of China\u2019s current judiciary, arbitration and mediation agencies, and by absorbing and integrating legal service resources home and abroad, according to a<\/p>\n
statement issued after the CPC meeting, the state-run Xinhua news agency reported.<\/p>\n
Members of the group had called for equal protection of the rights of both Chinese and foreign parties to create a stable, fair and transparent law-based<\/p>\n
business environment, the report said.<\/p>\n
The current system to solve disputes was \u201ccomplicated, time-consuming and costly\u201d, Wang Yiwei, director of the Institute of International Affairs, Renmin<\/p>\n
University of China, told the Global Times. \u201cIt applied laws from Western countries and used English as the common language.\u201d China\u2019s new international<\/p>\n
mechanism would better serve participating countries, he said.<\/p>\n
Building a dispute mechanism was \u201cdifficult\u201d, Bai Ming, a research fellow at the Chinese Academy of International Trade and Economic Cooperation, told the<\/p>\n
Global Times, \u201cas many countries that joined the initiative have different legal systems, social and cultural backgrounds\u201d. China plans to build a mechanism for<\/p>\n
every country\u2019s benefit and based on respect for everyone\u2019s legal systems, he said.<\/p>\n
The China Council for the Promotion of International Trade will work with other international commercial organisations to form a new non-governmental<\/p>\n
international organisation that addresses disputes, an official with the council\u2019s legal department was quoted as saying in the report. China will also send more<\/p>\n
arbitrators and mediators to work at international organisations, empowering Chinese legal personnel to gain more experience in international negotiations, the<\/p>\n
report said.<\/p>\n","protected":false},"excerpt":{"rendered":"
China has decided to set up three international courts to deal with disputes related to its multi-billion dollar Belt and Road Initiative (BRI), […]<\/p>\n","protected":false},"author":1,"featured_media":19968,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[87],"tags":[],"class_list":["post-19967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/19967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=19967"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/19967\/revisions"}],"predecessor-version":[{"id":19969,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/19967\/revisions\/19969"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/19968"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=19967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=19967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=19967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}