9 Conclusions: Towards A New Model Investment Treaty For China

Subject(s):

Arbitration — UNCITRAL Arbitration Rules — Awards

This chapter begins with a general assessment of the existing Chinese investment treaties. It then considers the general considerations and specific changes for a New Model investment treaty. It argues that now is the right time for China to consider seriously a more sophisticated, forward-looking model investment treaty of its own, rather than merely following the prototypes developed by European states as it has done so far. The New Model promotes a balanced approach towards investment protection, since recent moves around the world have demonstrated that the traditionally one-sided investment treaty model cannot be sustained.