Department of Outbound Investment and Economic Cooperation, Ministry of Commerce (MOFCOM)
The Department of Outbound Investment and Economic Cooperation formulates and enforces policies on overseas economic cooperation, supports outbound foreign direct investment (FDI) and foreign contracting, and maintains statistics on business cooperation.
It must approve projects by central state-owned enterprises (CSOEs), natural resource projects, and projects in which investment by Chinese financiers exceeds $100 million. Local commerce departments can approve other overseas projects.
Adapted from The US-China Business Council, “Ministry of Commerce (MOFCOM),” accessed in 2022, View the PDF; Thomas Hale, Chuyu Liu, and Johannes Urpelainen, “Belt and Road Decision-Making in China and Recipient Countries: How and to What Extent Does Sustainability Matter?,” ISEP & BSG Report, April 2020, View the PDF.
No. 2 Dong Chang'an Avenue, Beijing, 100731, People's Republic of China
Department of Outbound Investment and Economic Cooperation, No. 2 Dong Chang'an Avenue, Beijing, 100731, People's Republic of China