INTERNATIONAL ARBITRATION IN CHINA AS A RESULT OF THE GLOBAL ECONOMIC INTEGRATION

Abstract

The presented information on the arbitration system in China justify the growth of its popularity in the time of the hemispherical economic integration. Despite this there is a lack of adequate knowledge among many of the entrepreneurs operating on the Chinese market about the opportunities which the law gives to them. Acquiring this knowledge will, inter alia, increase the amount of contracts between enterprises, with appropriate clauses for arbitration. Relevant knowledge and experience will help to increase the efficiency of economic activities undertaken in China, enhance the economic growth of enterprises and increase the quantity and quality of international economic ties.