All-China Federation of Industry and Commerce

The All-China Federation of Industry and Commerce (ACFIC) is a major business organization in China that brings together private and small to medium-sized enterprises. It functions as a bridge between these businesses and the government, providing support, advocacy, and policy advice. ACFIC aims to promote economic development, protect business rights, and foster fair competition. It also offers services like training and networking opportunities to help businesses grow and adapt to changing markets. Overall, it plays a key role in China's private sector development and economic policy coordination.