Cross-border e-commerce exports from China soar to 1.83 trillion yuan
According to recent reports, China’s cross-border e-commerce exports increased by 19.6% last year, with a total value of 1.83 trillion yuan. This impressive growth was highlighted at the Central Economic Work Conference, which emphasized the need to accelerate the cultivation of new momentum for foreign trade. In particular, it underlined the importance of cross-border e-commerce exports as a new economic direction with significant potential.
This growth is indicative of cross-border e-commerce as the fastest-developing format in foreign trade, showing strong market vitality and growth resilience. It has emerged as a new bright spot in the field of foreign trade, with significant potential for driving the development of foreign trade.
In response to this trend, the General Office of the State Council has issued guidance to promote the healthy and sustainable development of cross-border e-commerce. It has encouraged the development of cross-border e-commerce comprehensive pilot zones, industry organizations, and enterprises that actively participate in the “Silk Road E-commerce” and “Belt and Road” economic and trade cooperation.
The rapid development of cross-border e-commerce has not only met the diverse and personalized needs of domestic consumers but has also helped Chinese products reach a global market. For example, Zhu Siqiao, an associate researcher at the Institute of International Trade and Economic Cooperation of the Ministry of Commerce, stated that cross-border e-commerce has relied on flexible, efficient, and resilient supply chains to inject new impetus into global trade growth.
Additionally, cross-border e-commerce has been instrumental in driving the transformation of traditional manufacturing and trading companies while promoting the development of new business formats. It has linked different industries, allowing a wide range of products to access the global market. For example, cross-border e-commerce has facilitated the export of daily necessities, clothing, shoes, maternal and infant products, furniture, and home appliances.
To support the continued growth of cross-border e-commerce, the relevant departments have been focused on improving customs clearance, taxation, and foreign exchange policies. This includes supporting cross-border e-commerce comprehensive pilot zones, industry organizations, and enterprises to actively participate in the development of the industry.
As part of these efforts, customs authorities have been innovating new supervision models to support cross-border e-commerce. Guangzhou Customs, for example, has launched a “special regional cross-border e-commerce export consolidation” supervision model, which has promoted 24-hour customs clearance for cross-border e-commerce. Additionally, Beijing Customs has established a direct transfer system for cross-border e-commerce export goods within and across international aviation hubs, improving efficiency for exported goods.
Another significant advancement in the development of cross-border e-commerce has been the optimization of the regulatory system to address challenges such as product returns. For instance, Suzhou Customs provides one-stop services to address the return and exchange of products, unleashing new vitality in cross-border e-commerce trade.
Looking ahead, policymakers and experts believe that continued support for cross-border e-commerce will be essential to maintaining the stability and improving the quality of foreign trade. As the industry continues to evolve, digital technology and regional cooperation will create a better environment for the development of cross-border e-commerce. It is anticipated that new policies and measures will further strengthen the international competitiveness of cross-border e-commerce.
In conclusion, China’s cross-border e-commerce exports have reached record levels, demonstrating the significant and growing impact of this new economic direction on global trade. The continued support from policymakers and innovative advancements in the industry are expected to drive further growth and opportunity for cross-border e-commerce in the coming years.