National Computers, Inc., a U$.$S$.$ firm, entered into a joint venture with a Chinese computer manufacturing organization, TEC. A dispute arose over payments due the U$.$S$.$ firm under the joint venture agreement with TEC. The agreement called for disputes to be arbitrated in China, with the arbitrator being chosen from a panel of arbitrators maintained by the Beijing arbitration institution, Cietac. What advantages and disadvantages exist for the U$.$S$.$ firm under this arbitration arrangement? Advise the U$.$S$.$ firm on negotiating future arbitration agreements with Chinese businesses.