Strong momentum in China's cross-border e-com, rises 18.6% YoY in 2021

22 May '22

1 min read

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China's cross-border e-commerce has rapidly grown in the last few years, with imports and exports using these platforms rising by 18.6 per cent year on year (YoY) to 1.92 trillion yuan (about $284.5 billion) last year, according to the country’s vice minister of commerce Sheng Qiuping, who recently said the pandemic has boosted cross-border e-commerce.

Since 2015, the country’s State Council has approved the establishment of 132 cross-border e-commerce pilot zones in 30 provincial regions. The country's cross-border e-commerce imports and exports rose nearly ten-fold in the past five years, Sheng said.

Relying on manufacturing and market advantages, a number of world-leading cross-border e-commerce platforms have emerged in China, he was quoted as saying by an official news agency.

To meet Chinese people's growing demand for varied and high-quality products, cross-border e-commerce platforms have purchased commodities from almost every corner of the world.

"With the help of e-commerce, many high-quality brands have taken root in China and ushered in new development opportunities," Sheng added, calling for greater efforts to improve business environment and provide better services and guidance to cross-border e-commerce companies.

Fibre2Fashion News Desk (DS)

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