China issues circular on settling business disputes

BEIJING - Chinese central authorities Wednesday issued a circular on settling international business disputes during Belt and Road cooperation.

The circular, issued by the general offices of the Communist Party of China Central Committee and the State Council, asked all areas and departments to implement it in accordance with their circumstances.

The circular called for efforts to actively promote international cooperation within the Belt and Road Initiative, settle business disputes in accordance with the law, and protect the legal rights and interests of concerned participants, so as to create an equal and fair environment for doing business.

The principle of achieving shared growth through discussion and collaboration should be observed when settling related disputes, it said.

The principles of fairness, efficiency and convenience should also be maintained while the will of participants is respected, it said.