Buoyant foreign trade will help underpin China's economic growth target for 2026, highlighting the resilience and long-term potential of the country's economy while serving as an important engine of growth and stability for the global economy.
The revised Foreign Trade Law will strengthen China's legal framework for high-level opening-up, promote high-quality trade growth, and enhance protection for businesses amid rising protectionism worldwide, experts and officials said.
Lawmakers in China are reviewing a draft revision to the country's Foreign Trade Law, which seeks to elevate multiple reform measures into national legislation in response to a rapidly evolving global trading landscape and ongoing domestic economic reforms.
China will replicate 77 polit measures from the China (Shanghai) Pilot Free Trade Zone (FTZ) in other FZTs and across the country.
China has introduced a set of measures to enhance the implementation and build a unified national market free from regional protectionist practices.
This innovative approach allows for the seamless transition of goods from non-bonded to bonded status with a simple "one-click" procedure.
Yinchuan, Ningxia, hosted its third Private Economy High-Quality Development Conference on March 3.
China will remain steadfast in its commitment to opening-up.