Please enable JavaScript and reload this page. The Ministry of Commerce of the People's Republic of China, is a Cabinet-level executive agency of the State Council of China.

In spite of the disruptions caused by the pandemic, the three countries have a kept in close touch and agreed to hold the next round of CJK FTA negotiations as soon as possible. The world’s two largest economies have been locked in escalating tensions over the last two years, beginning with trade and spilling over into technology and geopolitics. Biden Close to White House Victory as He Builds Leads in Pennsylvania, Georgia, Counties With Worst Virus Surges Overwhelmingly Voted for Trump, Treasury Yields Fall as Investors Await U.S. Election Results, U.S. Coronavirus Cases Climb by Record for Second Day in a Row, up Over 120,000, AstraZeneca’s COVID-19 Vaccine to Begin Clinical Trials in China, House Armed Services Panel Wants 12 Aircraft Carriers. And these FTZs have been very popular with foreign-invested enterprises. In addition, in terms of logistics, which is critical to the safety of supply chains, China is well connected to the rest of the world by rail, by air and by sea. I believe RCEP will go a long way towards regional economic recovery post pandemic. He also spoke about regional cooperation, new pilot Free Trade Zones to be set up and the long term potential of the Chinese economy. Q: What did the Ministry of Commerce do in coordination with other ministries and provinces to jointly fight COVID-19? Mr. Sun is one of several CCP members to face retribution from the party over the coronavirus.

And we are going to empower those FTZs to carry out more reforms and incubate more best practices and improve their investment environment for both Chinese and foreign investors alike. “Although there are disagreements between China and the U.S., there is vast room for mutual benefit and cooperation. We have facilitated the export of huge amounts of medical supplies to 200 countries and regions.

China will further open up its economy and welcome foreign investors to prosper in China. This is the message reaffirmed by vice commerce minister Wang Shouwen in an exclusive interview with CGTN anchor Michael Wang on Sunday.

Beijing ICP prepared NO.16065310-3, China's vice commerce minister: China remains a very competitive supply chain location. We have also expanded the coverage of export credit insurance so that MSMEs could better cope with export-related risks. China’s Communist Party announced Sunday that a senior Public Security Ministry is under investigation — another apparent political casualty of Beijing’s handling of the coronavirus outbreak. "Although there are differences between the two countries, they also have extensive common interests and room for cooperation.". While U.S. presidential election polls have already closed, vote counting is expected to continue over the coming days. What has MOFCOM done to support these smaller businesses in getting through the pandemic? As you know, during the COVID-19 pandemic, foreign trade companies and foreign-invested enterprises were hit hard. We are further improving our investment environment. Mr. Ren is close to Chinese Vice President Wang Qishan, China’s financial power broker who is said to be at odds with Mr. Xi. The current Commerce mini It will also strengthen IPR (Intellectual Property Rights) protection and the regional supply chain, among others.

The central government in China has adopted a host of policies to support these small businesses, for example, by taking tax cuts, rent cuts and cuts in their utility bills. /VCG. (I) hope the new U.S. administration will meet China halfway.”. The country as a whole was divided into high risk, medium risk and low risk areas.

The most prominent case of this was Deng Xiaoping's incapacity between 1978 and 1980.

So what's MOFCOM's view on all of this? MOFCOM also joined the efforts in preparing firms in opening their businesses. It will also promote regional economic integration, trade promotion by eliminating over 90 percent of the tariffs on goods being traded in this region.

We also understand that to reopen economy means to keep the economy open. here for reprint permission, Trump’s hidden vote in question: ‘I think people just lie to pollsters’, FBI queried Hunter Biden whistleblower on ‘Big Guy’ email. MSMEs are also facing a shortage of working capital. TOP STORIES On the part of MOFCOM, we have supported banks to better customize their services to the small- and medium-sized enterprises by setting up direct online channels. And this year, we are going to announce another major cut in the negative list and foreign investors will have more and greater business opportunities in China. It will help harmonize trade rules in this region.

Biden: 'We're going to win this race' Despite the COVID-19 pandemic, Regional Comprehensive Economic Partnership (RCEP) members aim to sign the RCEP agreement by the end of this year, according to the vice minister. And China will import in total 30 trillion U.S. dollars worth of goods in the next 15 years. The Washington Times It will also significantly contribute to the world trading system. Comment on this Article Via Your Facebook Account. Hunan, another member of the coalition, provided one million lunchboxes to the city within one week's time.

For your information, we are working very industriously with other countries on such similar arrangements. He also headed the ministry’s notorious “610 Office,” a special intelligence and security unit targeting internal dissidents, and staffed with as many as 15,000 operatives. China’s Vice Foreign Minister Le Yucheng said Thursday he hopes the next U.S. administration will take steps to work with the Asian country, CNBC reported. It is unusual for a senior security official like Mr. Sun to be placed under investigation because he is among the trusted keepers of China’s secrets, which includes information on the personal lives of senior leaders and intelligence gathered abroad.

Night view of Shenzhen, Guangdong Province, China. China, Japan, and South Korea are committed to the CJK FTA negotiations. Wang: Foreign-invested enterprises (FIEs) have played a much valued role in China's economy and we offer to them the same treatment as we do to other Chinese firms. "We hope that the next U.S. government will meet China halfway; uphold the principles of non-conflict, non-confrontation, mutual respect and win-win cooperation; focus on collaboration; manage differences; and push forward bilateral ties along the right track," he said.

Current Vice-Premiers, in order of rank, are Han Zheng, Sun Chunlan, Hu Chunhua and Liu He. /CGTN Photo. Mr. Sun was among four Chinese intelligence officials who came to Washington and New York in 2017 and improperly abused their visas to pressure a Chinese dissident. : 'State Affairs Court Constituent Department(s)'). China has a broad spectrum of strong upstream suppliers and downstream clients, making supply chains in China reliable and less vulnerable to disruptions. Sun Lijun, vice minister of public security, is being investigated for suspected “severe violations of discipline and law,” the official Xinhua news agency said in a two-sentence dispatch. Quiz: US Citizenship Test - Could You Pass?

Minister: Mr. Liu Kun: Head of the Central Commission for Discipline Inspection's supervisory group Mr. Zhao Huiling Vice Minister Ms. Cheng Lihua Vice Minister Ms. Yu Weiping Vice Minister Ms. Zou Jiayi: Vice Minister Mr. Liao Min Vice Minister Mr. Xu Hongcai National Council for Social Security Fund (NCSSF) Deputy Director General

The second reason is that China has a huge market of 1.4 billion consumers, including 400 million middle incomers and 900 million internet users with a per capita income of 10,000 U.S. dollars and a service sector making up 54 percent of the economy.

And Hubei happens to be the home of major auto production bases in China.

Fed Wants Low Profile but May Repeat That the Economy Needs Stimulus, Biden Inches Nearer to Victory as Trump Pursues Litigation, The Defense panel wants the Navy to maintain 12 instead of 11 aircraft carriers and acquire the vessels at a more rapid pace, committee aides said Tuesday. Chinese Vice Foreign Minister Le Yucheng on Thursday called for pushing forward China-U.S. relations along the right track. The Subcommittee on Seapower and Projection Forces calls for […], Uber founder Travis Kalanick has resigned as chief executive after pressure from shareholders. "China's attitude toward the bilateral relations is clear and consistent," said Le. /CGTN. Nonetheless, President Xi Jinping at the Extraordinary G20 Leaders' Meeting emphasized the importance of maintaining global industrial and supply chains. We have also stepped up our efforts to help MSME exporters switch more to the domestic market when they are faced with difficulties in exporting their goods and services abroad. and View Comments, Terms of Use / Privacy Policy / Manage Newsletters. China will further open up its economy and welcome foreign investors to China. As the world waits for news on who will become the next U.S. president, Le said he hoped the election would proceed stably and smoothly. We have fought shoulder to shoulder with our colleagues in other ministries and colleagues in the provinces. Copyright © 2020 The Washington Times, LLC. As the world waits for news on who will become the next U.S. president, Le said he hoped the election would proceed stably and smoothly. Reports from Asia say Mr. Sun was sent from Beijing to Wuhan in February to take charge of security operations. Its supply chain in China has been very resilient, experiencing only a few hiccups during the outbreak. - At the beginning of the outbreak, Hubei suffered a serious shortage of daily necessities.