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China's NPC Approves Trade Law to Boost Economy

12/28/2025

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Story summary
  • National People's Congress (NPC) of China approved revisions to the Foreign Trade Law on December 27, 2025, effective March 1, 2026.
  • Revisions promote a strong trading nation and facilitate trade, including cross-border financial services and digital trade standards.
  • They align with the Communist Party of China’s economic goals.
  • In 11 months of 2025, China’s goods trade reached 41.21 trillion yuan; officials say the measures will stabilize trade.