query_builderChina’s cross-border e-commerce turnover to top $1.3t in 2018

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Published: 9/11/2018


According to the recent report by the China E-Commerce Association, China’s cross-border e-commerce is forecast to see turnover up to USD  $1.3 trillion in 2018. The top 10 import sources of China’s cross-border e-commerce trade are Japan, the United States, the Republic of Korea, Australia, Germany, New Zealand, the Netherlands, France, Britain, and Hong Kong.

Cross-border e-commerce is most active in South China’s Guangdong province, followed by Beijing, East China’s Zhejiang and Shandong provinces and Central China’s Henan province for exports via e-commerce.

On the other hand, The China State Council has urged the relevant government departments to support the innovative development of 22 additional cross-border e-commerce comprehensive pilot zones in the central, western and northeastern regions. It is hoped that the proposed new zones will boost the overall level of cross-border e-commerce and increase global competitiveness, while also assisting in the developmental upgrade of all related facilities and processes.

The 22 additional cross-border e-commerce comprehensive pilot zones will be established in established in Beijing, Hohhot, Shenyang, Changchun, Harbin, Nanjing, Nanchang, Wuhan, Changsha, Nanning, Haikou, Guiyang, Kunming, Xi’an, Lanzhou, Xiamen, Tangshan, Wuxi, Weihai, Zhuhai, Dongguan, and Yiwu.

With strong demand for imported goods and the facilitation of China’s policy, it is foreseen that UAE-based exporters could benefit from this trend.

Source: 
Hong Kong Trade Development Council: http://china-trade-research.hktdc.com/business-news/article/Regulatory-Alert-China/Establishment-of-22-New-E-Commerce-Pilot-Zones-Formally-Approved/bacn/en/1/1X3CO7NS/1X0AEXGT.htm  

The State Council of China: http://english.gov.cn/news/top_news/2018/09/09/content_281476295639820.htm 





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