New head for Chinese commerce body ACFIC

BEIJING, Dec. 10 (Xinhua) -- Wang Qinmin was elected on Monday as chairman of the executive committee of the All-China Federation of Industry and Commerce (ACFIC), also known as China's non-governmental chamber of commerce.

During the first plenary session of the ACFIC's 11th executive committee, Quan Zhezhu was appointed executive vice chairman and another 23 people were elected vice chairpersons, including 44-year-old Li Yanhong, CEO of Chinese search engine giant Baidu.

Wang vowed to make the ACFIC further serve the development of the country's non-public economic sector.

In the coming five years, the organization will promote the healthy development of the non-public economic sector by adjusting its growth mode, he said.

The ACFIC will also play a guiding role in the development of business people in this field by training them into qualified builders of socialism with Chinese characteristics, according to Wang.

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