Functions:

  • Formulates strategies and policies for domestic and foreign trade, including international economic cooperation
  • Promotes the structural adjustment of the industries and guiding the reform of the business service industry
  • Formulates domestic development plans, including urban and rural markets
  • Proposes policies that guide domestic and foreign funds to invest in the domestic market system
  • Formulates import and export commodities, processes trade management measures and import and export catalogs
  • Formulates measures to promote foreign trade growth
  • Formulates strategies of China’s multilateral and bilateral (including regional and free trade area) economic and trade cooperation
  • Leads multilateral and bilateral economic and trade negotiations, coordinating negotiations, and implementing relevant documents
  • Formulates and implementing foreign economic cooperation policies, manages and supervises foreign contracted projects, foreign labor cooperation, according to the PRC law