Opera News

Opera News App

China's cross-border e-commerce maintains robust growth

People'sDaily
By People'sDaily | self meida writer
Published 1 months ago - 1 views

A forklift moves commodities to be exported to Europe at a cross-border e-commerce bonded warehouse of Chengdu Railway Bonded Logistics Center, southwest China's Sichuan Province, Nov. 11, 2020. (Photo by Bai Guibin/People's Daily Online)


By Qiao Cai, People's Daily Overseas Edition

China's cross-border e-commerce made new highs in 2020. According to customs statistics, the country's cross-border e-commerce import and export volume surged 31.1 percent to 1.69 trillion yuan ($261 billion), and the total exports transacted on e-commerce platforms rose 40.1 percent to 1.12 trillion yuan.

"Our export volume through e-commerce channels reached 1.3 billion yuan last year, and is expected to hit 1.6 billion yuan in 2021," said an executive from a foreign trade company in east China's Zhejiang Province. The company joined cross-border e-commerce business in 2014, and started exporting commodities on cross-border e-commerce platforms four years later. It maintained a rapid annual growth of over 50 percent in recent years.

At present, as global consumers are resorting to online consumption, proactively or passively, cross-border e-commerce platforms rise as an important channel for consumers to purchase from.

Impacted by COVID-19, overseas consumers are seeing a surging demand for "made in China" products, including electronic products and daily necessities. According to customs statistics, China's export of products related to "stay-at-home" economy, such as laptops, grew 8.2 percent to 2.51 trillion yuan last year.

The number of international flights dropped sharply after the pandemic, which posed serious threats for cross-border e-commerce, for example, delivery turning slow, cost going up and rising exchanges and returns. In addition, customs clearance was also a huge barrier.

Merchants purchase a batch of carpets scheduled to be exported to Arab countries at the third China (Yiwu) Cross-Border E-Commerce Industrial Belt Expo, Sept.13, 2020. (Photo by Gong Xianming/People's Daily Online)


Under such circumstances, the Chinese government issued a series of favorable policies. Last year, China enhanced cooperation with e-commerce businesses from 22 countries along the Silk Road, and the State Council approved the establishment of 46 integrated pilot zones for cross-border e-commerce, expanding the total number to 105.

Besides, the country also added "9710" and "9810" trade methods, which refer to either direct export of goods from domestic businesses to overseas businesses by cross-border logistics based on their mutual deals over a cross-border e-commerce platform, or the export of goods by a domestic company to its overseas warehouse, from which the goods will be delivered to overseas buyers based on their deals over a cross-border e-commerce platform.

Currently, favorable policies to facilitate multiple industrial chains, including cross-border payment, e-commerce platforms and logistics are being rolled out in many integrated pilot zones for cross-border e-commerce across China.

The COVID-19 pandemic accelerated the digitalization of the foreign trade sector, and technological innovation is empowering export. For instance, online exhibitions, audio and video conferences, as well as smart translation, customs declaration, logistics and tax rebate services have been launched by Alibaba.com under Chinese e-commerce giant Alibaba to bring closer buyers and sellers from different countries.

"We must ensure that we on one hand help businesses precisely grab orders, and on the other hand maintain smooth operation of international shipping, cross-border payment and other links," said Zhang Kuo, Alibaba.com's general manager.

The constant development of cross-border e-commerce is sending more and more Chinese commodities to overseas destinations and upgrading the demand of global consumers.

Amazon recently issued a report summarizing the development of China's cross-border e-commerce in the past year. It said the business is going towards the following five trends in China: more diverse locations and types of sellers, accelerated global deployment, enhanced awareness of branding, speeded innovation and upgraded responding capability.

China's cross-border e-commerce and sellers have turned from extensive development to intensive growth, said Cindy Tai, Head of Amazon Global Selling Asia. She said the sector is a pillar of China's foreign trade, and is growing into a new normal from a new business.

An employee picks and packs commodities to be shipped at an industrial park of the comprehensive bonded area of Lianyungang Economic and Technological Development Area, Nov. 13, 2020. (Photo by Geng Yuhe/People's Daily Online)

Content created and supplied by: People'sDaily (via Opera News )

Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform

YOU MAY LIKE

If Your Sim Card Is Stolen Or Misplaced, Take Note Of This Vital information Released By FG

5 minutes ago

2 🔥

If Your Sim Card Is Stolen Or Misplaced, Take Note Of This Vital information Released By FG

After millions of Naira was donated for crippled Mary Daniel, a man offers to marry her (video)

13 minutes ago

41 🔥

After millions of Naira was donated for crippled Mary Daniel, a man offers to marry her (video)

When a girl starts developing affections for you, she will ask these questions

22 minutes ago

11 🔥

When a girl starts developing affections for you, she will ask these questions

NATIONAL SECURITY: IGP unveils New Policing Vision and Crime Fighting Strategies

23 minutes ago

57 🔥

NATIONAL SECURITY: IGP unveils New Policing Vision and Crime Fighting Strategies

Never Enter Card Details Or Your Social Media Account Details On Any Website That Is Insecure.

25 minutes ago

2 🔥

Never Enter Card Details Or Your Social Media Account Details On Any Website That Is Insecure.

Why is It Wrong To Call Any Teacher “Master” According To Jesus?

38 minutes ago

3 🔥

Why is It Wrong To Call Any Teacher “Master” According To Jesus?

Dear Men, Before Giving Up On A Relationship Do These 5 Things

51 minutes ago

29 🔥

Dear Men, Before Giving Up On A Relationship Do These 5 Things

If Your Blood Sugar is Low, Consume These 3 Things Regularly to Increase It

54 minutes ago

4 🔥

If Your Blood Sugar is Low, Consume These 3 Things Regularly to Increase It

It's Almost A Sin To Say There Is Nothing You Can Do About Your Poverty If You Have A Phone- Reno

56 minutes ago

24 🔥

It's Almost A Sin To Say There Is Nothing You Can Do About Your Poverty If You Have A Phone- Reno

Kanu Blasts Uwazuruike For Criticizing IPOB's Security Outfit, ESN - Read What He Said

57 minutes ago

57 🔥

Kanu Blasts Uwazuruike For Criticizing IPOB's Security Outfit, ESN - Read What He Said

COMMENTS