22 de November de 2024 - zeumat
Recently, the State Council approved the “Measures to Promote Stable Growth of Foreign Trade“ (hereinafter referred to as the “Measures”) during an executive meeting. On November 22, the State Council Information Office held a press briefing to provide details about the initiatives aimed at stabilizing foreign trade growth.
During the briefing, Wang Shouwen, China’s International Trade Negotiation Representative and Vice Minister of Commerce, emphasized that cross-border e-commerce, as an emerging force in international trade, plays a crucial role in promoting the stable growth of China’s foreign trade.
According to data, in the first three quarters of 2024, China’s cross-border e-commerce recorded a growth of 11.5%, accounting for nearly 6% of the country’s total foreign trade. This growth and its increasing share in foreign trade indicate that cross-border e-commerce is becoming a key driver of China’s foreign trade.
To further support the development of this business model, the “Measures” propose a series of specific actions:
Connecting Supply and Demand: Support exporting companies on e-commerce platforms by linking them with international logistics operators. Additionally, trade fairs and networking events will be organized to facilitate business opportunities.
Enhancing Compliance Training: With over 120,000 companies engaged in cross-border e-commerce, many face challenges related to customs, taxes, or product quality. The goal is to train these companies to improve their legal compliance.
Promoting Integration with Local Industries: Leading platforms and companies will collaborate with industrial zones in 165 cross-border e-commerce pilot areas nationwide, helping small businesses reach international buyers.
Expanding International Agreements: China has included cross-border e-commerce clauses in 23 free trade agreements. It is also leading WTO negotiations to establish global standards for this sector.
Cross-border e-commerce in China not only drives the growth of small businesses but also strengthens the country’s position in global trade. With these policies, this model is expected to continue gaining prominence as a key driver of international trade.
Written by Wenyang Zhong
Source: Xinhua
