chapter  5
22 Pages

Chinese investment treaties: a procedural perspective


Although empirical studies on the effects of bi lat eral investment treat ies (BITs) largely remain inconclusive as to whether the conclusion of these treat ies in fact leads to any increase in the flow of foreign investments (Muchlinski 2008: 4-44; Berger 2010), the inter na tional investment treaty regime must, at least based on the large number of BITs that have been concluded, be con sidered successful. Since the first BIT was concluded between Ger many and Paki stan in 1959, more than 2700 BITs have been signed.1