China extends cross-border e-com pilot scheme to 24 cities
Jan '20
China had previously designated 35 cities as venues for cross-border e-commerce. The fresh additions will extend the pilot program to most of China’s big cities.
Pilot cities typically see their companies enjoy benefits like tax rebates and government support to set up e-commerce platforms and international logistic services, according to the State Council.
Last year, China’s cross-border e-commerce transactions grew 50 per cent to $19.3 billion, according to data from the country’s customs administration. Goods sold for export grew by 67 per cent to 56 billion yuan.
Fibre2Fashion News Desk (DS)
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