The rapid development of cross-border e-commerce in China injects new impetus into global trade

2024-01-25

According to customs estimates, the total import and export volume of cross-border e-commerce in China in 2023 was 2.38 trillion yuan, an increase of 15.6%. Among them, exports reached 1.83 trillion yuan, an increase of 19.6%; Imports reached 548.3 billion yuan, an increase of 3.9%. The rapid development of cross-border e-commerce not only meets the diverse and personalized needs of domestic consumers, but also helps Chinese products reach the world, becoming an important driving force for foreign trade development. The impressive performance report of China's cross-border e-commerce is mainly due to the following factors: firstly, policy support. The Chinese government attaches great importance to the development of cross-border e-commerce and has introduced a series of supportive policies, including the "Cross border E-commerce Retail Import Tax Policy" and "Cross border E-commerce Export Return Goods Tax Policy", etc., creating a favorable policy environment for the development of cross-border e-commerce. Secondly, it is the continuous expansion of internal and external demands. With the development of the economy and the increase in people's income, Chinese residents have put forward higher requirements for material and spiritual life, and the demand for high-quality products and services overseas has rapidly increased. At the same time, the online ordering consumption model of "fast fashion" retail goods such as trendy clothing, clothing and bags produced in China is widely favored by overseas consumers, which has spurred the vigorous development of cross-border e-commerce in China. At the same time, the innovation and upgrading of technology and industry have also provided objective conditions for the growth of cross-border e-commerce. Once again, China is leading the world in the construction of cross-border e-commerce trading platforms, and has made good progress in both industrial digitization and digital industrialization. The gradually improved digital ecosystem has created sufficient market space for cross-border e-commerce. The development of cross-border e-commerce is in full swing, which plays an important supporting role in further promoting China's opening up to the outside world, promoting high-quality foreign trade, and expanding the scale of imports and exports. Firstly, cross-border e-commerce has injected "fresh blood" into the domestic commodity market, greatly enriching the domestic commodity market from daily necessities to high-end goods. At the same time, it has also opened up sales channels and product space for domestic export enterprises, providing impetus for the diversification of China's commodity market and export trade. Secondly, while introducing overseas goods, cross-border e-commerce also brings more intense competition, which encourages domestic enterprises to actively innovate in the production and service ends, explore their comparative advantages, accelerate product and service iteration speed, significantly improve the quality of China's import and export trade, and play a huge role in the process of China's foreign trade moving towards high-end. Thirdly, cross-border e-commerce has brought the domestic market closer to the overseas market, reduced the transaction costs of China's import and export trade, narrowed trade frictions, and promoted the optimization of China's import and export trade structure, which helps to enhance China's influence and competitiveness in world trade. Moreover, in the face of the current sluggish international economic situation, rising protectionism, and surging anti globalization trends, China's cross-border e-commerce provides a Chinese solution for promoting global economic and trade cooperation in adversity. Firstly, from the production side, China's cross-border e-commerce has driven the optimization of global supply chains. China's vast and rich manufacturing system provides new choices for global products, leveraging the industrial chain to drive upstream and downstream supply

Edit:Luo yu    Responsible editor:Wang xiao jing

Source:china.com

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