Hangzhou to become global cross-border e-com base

27 Jan '16
2 min read

China's eastern e-commerce hub Hangzhou has released an ambitious plan to establish itself as a global e-commerce platform grossing business over 40 billion $ by the end of 2017, the official Xinhua news agency reported.

According to the Hangzhou e-commerce pilot zone development plan, the city will have over 5,000 cross-border e-commerce companies, more than 10 cross-border e-commerce industrial parks and more than 20 cross-border e-commerce incubation platforms in 2017.

About $30 billion of exports and $10 billion of imports are expected to be realised through the city's cross-border e-commerce platform, the report said.

According to the plan released by the local government, the city will establish a system of information sharing, financial services, intelligent logistics, e-commerce credit, statistical monitoring, and risk control, in order to promote cross-border e-commerce by the end of 2017.

The city will also adopt innovative measures for customs clearances, tax refunds, finance and logistics, to meet the need of global e-commerce development, it said.

In March 2015, China's State Council had approved the setting up of the China (Hangzhou) cross-border e-commerce pilot zone. The zone is expected to settle problems in cross-border e-commerce, build complete industrial chains and provide experience that can be utilized by the sector across the country. (SH)

Fibre2Fashion News Desk - India

Leave your Comments

Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,

Recommended

Advanced Search