Plea bargain
In China, a plea bargaining pilot scheme has been introduced by the Standing Committee of the National People's Congress in 2016. For defendants that faces jail terms of three years or below, agrees to plea guilty voluntarily and agree with prosecutors' crime and sentencing proposals, will be given mitigated punishments.
Settlement (litigation)
In criminal matters, the closest parallel to a settlement is a plea bargain, although this differs in several important respects, particularly the ability of the presiding judge to reject the terms of a settlement.