At its latest press conference in Beijing, China’s Ministry of Commerce (MOFCOM) hosted a regular briefing to share new efforts aimed at invigorating the business sector.
At the heart of the conference, MOFCOM’s spokesperson outlined the ministry’s commitment to streamlining administrative processes for small and medium enterprises (SMEs), boosting cross-border e-commerce, and attracting sustainable foreign investment. By cutting red tape and expanding digital trade corridors, these initiatives aim to modernize supply chains and improve market access worldwide.
In the Q&A session, journalists pressed the spokesperson on global supply chain resilience, regulatory support for startups, and trade tensions. The ministry highlighted targeted measures such as faster licensing approvals, tax incentives for green manufacturing, and collaboration with G20 partners to foster innovation and inclusivity.
Business leaders in Shanghai praise the move, noting that simplified customs procedures could dramatically reduce export waits, while tech startups from Bangalore to Berlin and digital nomads from Bali to Barcelona are eyeing new e-commerce platforms launched by MOFCOM.
Looking ahead, MOFCOM plans to roll out pilot programs in emerging inland regions, tapping into local talent and sustainable resources. As these measures unfold, global audiences will watch closely how MOFCOM’s approach shapes tomorrow’s trade dynamics.
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Live: MOFCOM briefs media on latest efforts in business sector
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