Ministry of Commerce

China's Ministry of Commerce (MOFCOM) is the government agency responsible for regulating and promoting China's foreign trade, investment, and international economic cooperation. Recent news highlights MOFCOM's active role in navigating a complex global trade environment. The Ministry is newsworthy due to China's shifting economic strategies, including balancing trade and investment, and promoting overseas localization of supply chains. Recent developments include unveiling a state-backed platform to aid Chinese firms in global expansion, addressing shrinking domestic margins and rising trade risks. MOFCOM also implemented export controls on dual-use items to Japan amid tensions over Taiwan. Outbound investment growth has slowed, reflecting caution. MOFCOM's actions are significant as they reflect China's response to increasing trade disputes, particularly with the EU, and its efforts to secure its economic interests amidst global trade frictions.