China's State Council approves more cross-border e-com pilot zones
11 Feb 22 1 min read
While trying to promote the high-quality development of trade, the cabinet also stressed on efforts to ensure national security, internet security, data security, and biological security to foster an amicable business environment for market entities, , a statement released by the State Council said.
Cross-border e-commerce in the country has been expanding much faster than overall foreign trade, and its share in overall foreign trade has gone up significantly.
Since 2015, the State Council has established 105 cross-border e-commerce pilot zones in five batches. The new business model has become a vibrant force driving China's foreign trade growth, state-controlled media reported.
Official data shows that China's total trade in goods moved up another notch in 2021, exceeding $6 trillion for the first time.
Fibre2Fashion News Desk (DS)
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