In recent years, cross-border e-commerce has successively ushered in favorable policies. In 2021, the the State Council executive meeting called for “actively promoting the development of overseas warehouses and encouraging traditional foreign trade enterprises, cross-border e-commerce and logistics enterprises to participate in the construction of overseas warehouses”; In 2023, the General Office of the State Council issued the “Opinions on Promoting the Stable Scale and Excellent Structure of Foreign Trade” and proposed “Promoting the Healthy, Sustainable and Innovative Development of Cross-border E-commerce”; The Central Economic Work Conference held at the end of last year emphasized expanding high-level opening to the outside world. It is necessary to speed up the cultivation of new kinetic energy of foreign trade, consolidate the basic disk of foreign trade and foreign investment, and expand intermediate trade, service trade, digital trade and cross-border e-commerce export.
Cross-border e-commerce is a vital force in international trade and a new kinetic energy for China’s foreign trade growth. Compared with traditional trade, cross-border e-commerce has the advantages of fast arrival, cost saving and meeting the individual needs of customers, and has shown a rapid development trend in recent years.
Cross-border e-commerce as a new foreign trade format driven by scientific and technological innovation, through the application of new technologies, adapting to new trends, cultivating new kinetic energy, cooperating with new foreign trade infrastructure such as overseas warehouses, reducing intermediate links and reaching consumers directly. This model is helpful to optimize the foreign trade structure, stabilize the foreign trade scale, and create new advantages in international economic cooperation. It has become an important force in China’s foreign trade development and one of the trends of international trade development.
The data shows that the import and export volume of cross-border e-commerce in China increased from 1.2903 trillion yuan in 2019 to 2.38 trillion yuan in 2023. In 2023, the total import and export volume of cross-border e-commerce in China increased by 15.6% year-on-year. In the first quarter of this year, cross-border e-commerce accounted for 7.8% of exports, driving export growth by more than 1 percentage point. China’s cross-border e-commerce import and export was 577.6 billion yuan, up 9.6% year-on-year, of which exports were 448 billion yuan, up 14% year-on-year.
More policy initiatives aimed at creating a good development environment for the cross-border e-commerce industry have been introduced one after another, which has consolidated the long-term development foundation of the cross-border e-commerce industry and helped new formats and new models run out of “acceleration”.
Source: Business Online, China Economic Net.
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