China's new Foreign Trade Law, approved by the National People’s Congress Standing Committee, will take effect on March 1, 2025. The legislation, comprising 11 chapters and 83 articles, aims to enhance high-quality foreign trade by supporting digital and green trade models. This reform comes in response to a 13.1% drop in industrial profits recorded in November 2024, as reported by the National Bureau of Statistics. Key provisions of the law include the legalization of a negative list for cross-border services and efforts to align with international trade rules. The law is designed to adapt to global economic changes and promote sustainable trade practices.