ABSTRACT
This conclusion presents some closing thoughts on the concepts covered in the preceding chapters of this book. The book describes a proactive and liberal Chinese court system that is not often observed in the literature. It focuses on the misconception of arbitration's nature among Chinese lawmakers and legal elites. The book provides new and – hopefully – stimulating insights into Chinese arbitration law and more generally into Chinese law as a whole. Arbitration plays a very important role in today's world. It is the preferred method for resolving disputes arising from cross-border business transactions and investments. As China becomes more integrated into the global economy, it has grown to be an increasingly important player in the field of international arbitration. Ad hoc arbitration is a classic type of arbitration dating back to the dawn of civilization. With many benefits such as flexibility, low cost, and efficiency, ad hoc arbitration is recognized in almost all of the jurisdictions in the world.
