Cross border e-commerce: entering the era of vigorous growth

2023-08-31

In the first half of this year, China's cross-border e-commerce continued to unleash its advantages and potential in "buying the world and selling the world". The import and export volume reached 1.1 trillion yuan, a year-on-year increase of 16%, achieving double-digit rapid growth. Against the backdrop of a 2.1% overall growth in foreign trade imports and exports in the first half of the year, the growth of cross-border e-commerce has been particularly impressive, effectively helping to stabilize the scale and structure of China's foreign trade. Cross border e-commerce has become a new driving force for China's foreign trade development, a new channel for transformation and upgrading, and a new lever for high-quality development. 1. Rapid development, exploring the "new blue ocean" of foreign trade, "buying and selling globally"; Reducing intermediate links in trade and breaking through time and space constraints... According to the World Trade Organization, global cross-border e-commerce will maintain a growth rate of 27% before 2026, injecting new momentum into global economic and trade development. Cross border e-commerce has become a new force driving the high-quality development of China's foreign trade. During the '618' promotion period this year, I purchased 2 bottles of DHA capsules for my children at an international brand flagship store on an e-commerce platform. The next day, I received the goods, especially by scanning the packaging and tracing the source code of the products. The Chinese information of the products can be clearly found, and the return channel is smooth. I feel that the purchase is very reassuring and convenient, "said Ms. Wang from Chongqing happily. The 'big data' of cross-border e-commerce regulatory processes has become a reassuring 'peace of mind' for consumers to buy globally '. Recently, there was a bustling scene in the workshop of Jiangsu Wuxi Xinda Medium and Thin Plate Co., Ltd. Processing, quality inspection, packaging... Dozens of production lines are operating at full capacity, with tin plates being taken off the production line from here and transported to Xin'an Port. Nowadays, goods can be directly transported from Xin'an Port to Waigaoqiao and exported through cross-border e-commerce channels, greatly reducing logistics costs and significantly increasing export business volume. Recently, we have received many orders from buyers from the Philippines and other places. "Zhou Zhenyu, General Manager of Wuxi Xinda Medium and Thin Plate Co., Ltd., introduced. From January to July this year, Wuxi Customs, affiliated with Nanjing Customs, assisted the enterprise in exporting 2976 tons of tinplate, tinplate rolls, and other products from the direct route of "Wuxi Waigaoqiao" within Wuxi Xin'an Port. According to the "Annual Report on China's Cross border E-commerce Trade" released by the General Administration of Customs, in 2022, the import and export scale of China's cross-border e-commerce exceeded 2 trillion yuan for the first time, an increase of 7.1% compared to 2021, showing a new trend of "new highs in import and export scale, more diversified trade partners, further increase in the proportion of consumer goods, and significant head effects in business development". Trade partners are almost global. Statistics show that there are currently over 100000 cross-border e-commerce entities in China, with approximately 7800 having import and export amounts of over 100 million yuan. Cross border e-commerce is becoming an important way for enterprises to expand their market and competitiveness. Cross border e-commerce has been a new highlight of China's foreign economic and trade cooperation in recent years. China has established over 1500 cross-border e-commerce overseas warehouses, covering an area of over 19 million square meters, and nearly 90% of overseas warehouses have carried out information and intelligent construction. The 165 cross-border e-commerce comprehensive pilot zones approved for establishment in China cover 31 provinces (districts, cities) nationwide. China has launched a series of support measures in taxation, customs clearance, and foreign exchange settlement, providing assistance for the rapid development of new business formats such as cross-border e-commerce and overseas warehouses through innovative regulatory methods. China's foreign trade

Edit:Ying Ying    Responsible editor:Shen Chen

Source:GMW.cn

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