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China Daily / 2023-12 / 11 / Page001

DISPUTE RESOLUTION SYSTEM SEES HIGH SUCCESS RATE

By YANG ZEKUN | China Daily | Updated: 2023-12-11 00:00

Thousands of foreign-related conflicts resolved by mediators

In bustling Yiwu, Zhejiang province, a distinctive mediation system has emerged as a savior for businesses involved in foreign trade disputes.

For the past eight years, Sushil, a seasoned foreign trade businessman and mediator, has witnessed this system effectively resolving disputes at an early stage, preventing the collapse of hundreds of businesses.

Having spent two decades navigating the intricacies of foreign trade in Yiwu, Sushil is well aware that disputes are an inherent part of running a business.

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