Adopted by the 9th Meeting of the Standing Committee of the eighth National People’s Congress on August 31, 1994 And promulgated by the Decree No.31 of the president of the People’s Republic of China on August 31, 1994
Chapter I General Provisions
Article 1 The law is formulated with a view to ensure fair and timely arbitration of economic disputes, reliable protection to legitimate rights and interests of parties concerned and a healthy development of the socialist market economy.
Article 2 Contractual disputes between citizens of equal status, legal persons and other economic organizations and disputes arising from property rights may be put to arbitration. Continue reading