CIETAC Released 2024 Work Report

On January 21, 2025, the China International Economic and Trade Arbitration Commission (CIETAC) released its 2024 Annual Work Report. In 2024, the CIETAC Commission accepted 6,013 cases, with a total disputed amount of RMB 188.96 billion. Of these, 758 cases involved foreign elements, showing a 53.75% year-on-year growth. The disputed amount in these cases which involved foreign elements reached RMB 81.125 billion. All asset preservation applications filed through CIETAC Hong Kong were enforced by Chinese courts, with an average interim relief quantum of RMB 29.49 million per case. Moreover, CIETAC's digital transformation led to 2,998 online case filings, a 66.2% increase from the previous year, and ensuring more efficient services.