China: China on Saturday passed amendments to a key law aimed at strengthening Beijing's ability to wage a trade war, curbing exports of strategically important minerals, and further opening up its $19 trillion economy. The official Xinhua news agency reported Saturday that the latest revision to the Foreign Trade Law, approved by China's top legislature, will take effect on March 1, 2026. According to Yemen News Agency, the world's second-largest economy is reforming its trade legal frameworks. This move is partly to convince members of a major trans-Pacific trading bloc-established to counter China's growing influence-that the industrial powerhouse deserves a seat at the table, as Beijing seeks to reduce its dependence on the United States.
Friday, August 14, 2026