Institution offers Zhejiang firms int'l arbitration support

Zhejiang Province, home to 138 of China's top 500 private enterprises, has established an organization to support them in trade disputes with foreign firms.

The Hangzhou Arbitration Institution started operations in provincial capital Hangzhou on Tuesday.

"Local enterprises are always vulnerable in foreign trade disputes due to lack of professional support," said Wang Guiguo, president of the institution. "We will ensure the interests of those enterprises by following international arbitration rules." Endi