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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.
Semiconductors

China warns of fresh chip crisis as Nexperia dispute flares up

China warns the ‘Dutch side’ must bear responsibility if the Nexperia dispute reignites global automotive chip shortages.

Beijing vows to expand imports amid ‘China shock’ fears

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