China inaugurates two int'l commercial courts
China's Supreme People's Court (SPC) Friday inaugurated two international commercial courts to provide Belt and Road countries with legal services on business disputes resolution, the SPC said.
The first international commercial court, which was set up in Shenzhen, Guangdong Province, will help promote the building of the Guangdong-Hong Kong-Macao Greater Bay Area and the Maritime Silk Road, according to a statement by the SPC.
It will also promote trial system and capability modernization to deal with international business disputes and provide Chinese wisdom for settling such disputes, it said.
The second international commercial court, which was set up in Xi'an, Shaanxi Province, will help create a stable, fair, transparent, and predictable business environment, it said, adding that it will equally protect the legal rights and interests of concerned participants.
Jiang Bixin, vice president of the SPC, said that the principle of achieving shared growth through discussion and collaboration should be observed to strengthen international judicial exchanges.
Jiang also called for efforts to set up a database on laws of the Belt and Road nations and strengthen information management on cases during Belt and Road building, so as to ensure the right application of laws and fair justice.