1 Introduction – 2 Chinese Arbitration Law in View of the UNCITRAL Model Law – 2.1 Discrepancies between the 1985 UNCITRAL Model Law and Chinese Arbitration Law – 2.2 Ad hoc Arbitration within the Pilot Zones – 2.3 Arb-Med-Arb Mechanism in China – 3 Shanghai Pilot Free Trade Zone: Halfway to Total Liberalization – 4 Proposed Amendments to Chinese Arbitration Law and their Impact on Foreign Parties – 5 Conclusion – References.