Shanghai Qibao Town set up a new beverage bottle recycling machine, calling on more people to participate in recycling and environmental protection actions, in east China's Shanghai
MERICS Briefs
MERICS China Industries
10 min read

MOFCOM five-year plan + Circular economy + Support for SMEs

1. MOFCOM five-year plan calls for greater diversification in trade 

At a glance: The Ministry of Commerce (MOFCOM) released a policy outline that seeks to solidify China’s position in international trade, boost investment links and augment its ability to reshape global supply chains. By 2025 the policy aims to: 

  • Shorten the negative list on foreign investment and further open up the telecommunications, internet, education, culture and health care sectors 
  • Ratify the EU-China Comprehensive Agreement on Investment (CAI), increase links between Chinese provinces and US states and reinforce Russia-China ties  
  • Diversify imports of agricultural products and energy resources, and build stable regional supply chains between China and neighboring countries in Asia 
  • Improve the assessment of foreign investment deals for risks which may be of national security concern