Research On The Reform Of Investor-state Dispute Settlement And China’s Countermeasures

Since the 1990 s,the investor-state dispute settlement mechanism with international investment arbitration at its core has played a pivotal role in protecting the rights and interests of foreign investors and promoting cross-border investment.However,with the widespread application of this mechanism,its shortcomings in challenging national sovereignty and public interests have gradually become prominent,and procedural defects have also caused it to be questioned by the international community,the theoretical circles are also increasingly calling for reforms to this mechanism.At present,the international community is advancing the reform of the investor-state dispute settlement mechanism,forming three different reform methods.There are not only obvious differences between the three different reform methods,but also mutual learning,which makes the prospects for the reform of the investor-state dispute settlement mechanism uncertain.In the context of complicated times,many countries have put forward innovative ideas in the process of formulating new treaties in order to shape the future dispute settlement mechanism to meet external challenges.How should China actively adopt countermeasures to build an international investment dispute settlement mechanism that conforms to its own national interests and conforms to the development of the times? This has become a hot issue discussed in the academic circles of international law.As a major two-way investment country,China should follow the trend of investor-host country dispute settlement mechanism reform,maintain the balance of interests between investors and the host country by upgrading bilateral investment treaties,actively play a coordinating role in the multilateral reform process,and use regional platforms to build diversification Investment dispute settlement mechanism with Chinese characteristics.