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As China becomes a global economic heavyweight, cross-border commercial disputes are also increasing rapidly, making international dispute resolution one of the most promising businesses in the legal services sector. Given this big market, many active domestic arbitration bodies are racing to spearhead the international development track of Chinese arbitration. Beijing Arbitration Commission¡¯s recent significant amendment of its arbitration rules has ignited an industry-wide discussion in the ¡°going global¡± journey of Chinese arbitration.

Arbitration evolution discusses the internationalization of Chinese arbitration. Dispute experts believe that this means the internationalization of the PRC Arbitration Law, domestic institutions¡¯ arbitration rules, and the country¡¯s arbitration talent. The Standing Committee of the National People¡¯s Congress has included the revision of the Arbitration Law into its future legislative plan, which is regarded as a step on the right track.

China has also further opened the door for competition between domestic and overseas dispute resolution centres. The State Council recently added a new area to the Shanghai Free Trade Zone ¨C the Lingang area. Reputable overseas dispute resolution institutions are allowed to administer arbitrations and develop arbitration business in this new area. Some experts believe that this move will contribute to the more frequent use of the Chinese language and PRC law in international arbitration proceedings.