ACFIC Meaning and
Definition
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The All-China Federation of Industry and Commerce (ACFIC) is a national organization in the People's Republic of China that represents the interests of non-state-owned enterprises and self-employed individuals. It was established in 1953 and operates under the guidance of the Communist Party of China. The ACFIC works to strengthen the relationship between the government and the private sector, promoting economic development and providing support for non-state-owned businesses.
As a key component of China's United Front work, the ACFIC is responsible for uniting and mobilizing the efforts of entrepreneurs, professionals, and other individuals involved in non-state-owned economic activities. The organization aims to create a favorable environment for enterprise development, encourage entrepreneurship and innovation, and safeguard the legal rights and interests of the private sector.
The ACFIC plays various roles, including conducting research and policy analysis, providing training and education, fostering international exchanges, and participating in the formulation of laws and regulations related to the private sector. Additionally, it functions as a bridge between the government and private enterprises, presenting their concerns and suggestions to policymakers and advocating for a business-friendly environment.
Overall, the All-China Federation of Industry and Commerce serves as a platform for representing and promoting the interests of non-state-owned businesses and individuals in China, contributing to the country's economic growth and development.
Common Misspellings for ACFIC
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