China’s Ministry of Commerce: what is Mofcom and what is it responsible for?

What is Mofcom?China’s Ministry of Commerce (Mofcom) was established in March 2003 as part of an all-around institutional reorganisation conducted by the State Council, the country’s top administrative body.Forming the ministry was a move to help meeting commitments China made when joining the World Trade Organization (WTO) in December 2001 to match similar government structures in the United States and Europe.Mofcom was largely based on the former Ministry of Foreign Trade and Economic Co…