The People’s Republic of China (PRC) has come a long way with respect to settling international business disputes. At the time of my first Chinese business discussions at the Canton Trade Fair in May 1973, the PRC was still using only Soviet-style foreign trade companies to conduct trade with the socialist world and other foreign entities. In early 1979, however, the PRC began to establish many additional companies to meet the needs of Deng Xiaoping’s new “open policy” of broader cooperation with the bourgeois world.
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This article was first published in the Fall 2014 issue of the Cornell International Law Journal.