China's Exploration of Responses in the Context of the Reform of the Investor-State Settlement of Investment Disputes (ISDS) Mechanism

In the context of the reform of the Investor-State Settlement of Investment Disputes (ICSID) mechanism, China should actively participate in the reform of the ICSID and contribute to its better development based on the development of its national situation and the development trend of the international community, i.e., China's investments with foreign countries are becoming more and more frequent and close. But at the same time, due to the limitations of ICSID, China should not rely too much on ICSID's mediation of international investment disputes, and China should take the initiative to seek countermeasures. China can sign bilateral or multilateral agreements with other countries to mediate investment disputes, and internally China should develop public interest litigation to mediate investment disputes, invite non-disputing third-party countries to participate in mediation, and also introduce corresponding legal systems for adjustment.