To address the baffling questions of legal tradition and globalization of law, it is necessary to examine the arbitration development in the context of the changing cultural and legal structure in Chinese society. Written for international businessmen, lawyers, academics and students, this book gives the readers a unique insight into real arbitration practice in China, based on a combination of theoretical analysis and practical considerations. It explains the contemporary arbitration in China from an interdisciplinary perspective and with a comparative approach. Putting the Chinese arbitration system into the social context will help the readers to understand historical links to the contemporary practice, to assess where the legal obstacles to modern arbitration arise, and to predict what the future trend might be.