China's Ministry of Commerce (MOFCOM) outlined its latest efforts to bolster economic stability and foreign investment during a press conference on Thursday, emphasizing cross-sector collaboration and policy adjustments to address global market challenges.
Spokesperson Wang Wenbin highlighted initiatives to streamline administrative processes for international businesses, stating: "We are committed to creating a more predictable, rules-based environment that aligns with global trade standards." Key focus areas include digital trade expansion, green energy partnerships, and support for small-to-medium enterprises (SMEs).
When asked about cross-strait economic cooperation, Wang reiterated MOFCOM's support for commercial exchanges between the Chinese mainland and the Taiwan region, noting that "shared economic prosperity remains a cornerstone of regional stability."
Analysts suggest the measures could strengthen Asia's post-pandemic recovery, with particular implications for manufacturing supply chains and tech innovation hubs. MOFCOM confirmed plans to launch a new cross-border e-commerce platform by Q4 2024, aimed at connecting Asian markets with European and African partners.
