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.
Chinese authorities recently released revised rules on foreign investors' strategic investment in listed companies in a move to encourage foreign investors to make long-term and value investments in the country.