China Revises Foreign Trade Law to Safeguard National Interests

Barges on the Pearl River in Guangzhou, China.

Source: Bloomberg

China’s legislature approved revisions to the country’s foreign trade law, incorporating provisions to safeguard national sovereignty, security and development interests, state-run Xinhua News Agency reported Saturday.

The revisions also strengthen intellectual property rights and establishes a trade adjustment assistance system to stabilize supply chains, the report said.