The Shanghai International Commercial Court was inaugurated on Monday with the objective of advancing the professionalization and internationalization of foreign-related judicial mechanisms.
The newly-established court in Shanghai will strive to develop a specialized international commercial trial mechanism and build a more professional and efficient system for resolving international commercial disputes.
"We will collaborate with arbitration institutions and mediation organizations to build a three-in-one dispute resolution model that integrates litigation, arbitration, and mediation, so as to achieve resource sharing and leverage complementary strengths. We will open up a new path for parties to resolve disputes in a convenient, efficient and low-cost manner and create a multi-faceted co-governance solution for international commercial disputes," said Xi Xuefeng, Vice President of the Shanghai No.1 Intermediate People's Court.
Since the beginning of 2024, various courts across Shanghai have handled 700 judicial review cases involving foreign-related arbitrations. Last year, Shanghai was designated as a pilot area for the development of a national international commercial arbitration center.
Against the backdrop of a growing number of foreign-related commercial disputes and increasingly complex case types, the establishment of the Shanghai International Commercial Court is of great significance for further enhancing the megacity's international influence.
"As for the Shanghai arbitration industry in 2023, we have accepted a total of more than 12,000 arbitration cases, with the total amount in dispute reaching approximately 115.7 billion yuan. In 2024, both the number of cases accepted and the amount of dispute continued to increase," said Wang Weijun, secretary-general of the China International Economic and Trade Arbitration Commission.
The Shanghai International Commercial Court is scheduled to commence operation and begin accepting cases on Jan. 1, 2025.
Shanghai Int'l Commercial Court inaugurated
Myanmar President Min Aung Hlaing has lauded the achievements of China's modernization drive, noting that its development model offers valuable lessons for Myanmar to learn from.
He made the comments in an interview with China Media Group in Beijing on Wednesday, during his five-day state visit to China which ended on Friday. The trip marked his 13th visit to the country and his first since assuming the office of president.
During his extensive past tours, Min Aung Hlaing visited multiple Chinese provinces and cities, gaining firsthand insight into the nation's sweeping modernization efforts.
"Since entering the new era, China has made remarkable progress, and this is clear for all to see. China is developing at a rapid pace, and I often see news reports about China's technological innovation. China's younger generation is diligent and enterprising. They are the main force driving the country's development. I have visited many provinces and cities in China, and development achievements can be seen across the country, not only in the places you mentioned. In addition, China's development is relatively balanced. For example, Beijing, Shanghai, Chongqing and Guangzhou are roughly on par in terms of development, with only slight differences among them. Therefore, China's development model is worth learning from," said Min Aung Hlaing.
He outlined a wide array of high-value sectors ripe for expanded partnership, including advanced engineering, electronics, aerospace, agriculture, and industrial manufacturing.
"China offers valuable lessons for Myanmar in many fields. Infrastructure development is one key area where the two sides should focus their cooperation. Besides, China has advanced engineering, electronics, aerospace, seed breeding, and industrial manufacturing - all of which offer significant cooperation opportunities. We should continue to broaden the scope of Myanmar-China cooperation, while also increasing investment between the two sides and expanding the scale of bilateral trade," said the president.
China has been Myanmar's largest trading partner for many years, as well as its largest source of imports and most important source of investment. Bilateral trade reached 19.4 billion U.S. dollars in 2025, up 19.1 percent year on year, according to official data.
Myanmar president hails China's modernization achievements, calls for expanded cooperation
