The reporter learned at a symposium on the 70th anniversary of the establishment of the China International Economic and Trade Arbitration Commission held today that in the first half of this year, trade brokerage handled 38 cases against foreign parties. The dispute amount was RMB 1,472 billion, an increase of 356% over the previous year. At the same time, the average amount of disputes handled in the first half of the year increased by 25.3% over the same period last year, indicating that trade brokerage is becoming the preferred agency for high-value and complex commercial disputes, which will better promote China to establish a preferred location for international commercial dispute resolution.

The reporter learned at a symposium on the 70th anniversary of the establishment of the China International Economic and Trade Arbitration Commission held today that in the first half of this year, trade brokerage handled 38 cases against foreign parties. The dispute amount was RMB 1,472 billion, an increase of 356% over the previous year. At the same time, the average amount of disputes handled in the first half of the year increased by 25.3% over the same period last year, indicating that trade brokerage is becoming the preferred agency for high-value and complex commercial disputes, which will better promote China to establish a preferred location for international commercial dispute resolution.