Ministry of Justice: Deploying to carry out the cultivation of world-class international arbitration institutions with Chinese characteristics.

International arbitration, as a mechanism for resolving cross-border commercial disputes, has become an increasingly preferred option for both domestic and foreign companies due to its unique procedural advantages and enforcement effectiveness. According to information from the Ministry of Justice, in order to continuously enhance China's arbitration service capabilities and international competitiveness, the Ministry of Justice has deployed efforts to cultivate Chinese-style world-class arbitration institutions, focusing on cultivating a group of arbitration institutions with a solid foundation and great potential, continuously improving China's international arbitration discourse power.