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Ministry of Commerce (China)

Ministry of Commerce (China)
The Ministry of Commerce (MOFCOM) of the People’s Republic of China: A prominent Beijing-based governmental body, MOFCOM is a cabinet-level executive department of the State Council. Its primary mission is to formulate policies on domestic and foreign trade, economic cooperation, and market regulation, promoting China’s economic development and trade. Key activities include overseeing inbound and outbound investment, drafting trade laws, and negotiating international trade agreements. MOFCOM plays a significant role in forging China’s global economic policy and is instrumental in attracting foreign investment and optimising the business environment.
US-China relations

China says to ignore US sanctions even as Trump visit nears

Beijing issued an unprecedented order to ignore US sanctions just ahead of presidential summit in Beijing.

The US sanctioned Chinese oil refineries. Now China is really pushing back

China warns EU to remove firms and citizens from Russian sanctions list

Commerce ministry said Brussels would ‘bear the consequences’ after 27 mainland and Hong Kong firms were added to the latest blacklist.

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