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All-China Federation of Industry and Commerce

Chamber of commerce in China

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The organization is overseen by the United Front Work Department of the Central Committee of the Chinese Communist Party, is a constituent organization of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), and its delegates hold a number of seats in the National People's Congress. The organization assists the government in managing China's private sector economy and acts as a bridge between the private sector entities and the government.

History

The ACFIC is a non-governmental chamber of commerce established in 1953. It was intended as a successor to the pre-1949 chambers of commerce. The ACFIC was established to advance the Chinese Communist Party (CCP)'s interests and promote the party's policies among private entrepreneurs.

Later in the Mao Zedong era, the ACFIC stopped functioning as the state absorbed private capital, enterprises, and equipment. It resumed operating in 1979.

Prior to the 1990s, the ACFIC's membership drew from private and state-owned enterprises. During the 1990s, it became increasingly focused on the private sector. Private sector entrepreneurs began holding leadership roles in the ACFIC beginning in 1993. In 1997, ACFIC excluded the state-owned sector from membership.

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