With the continuous deepening of high-level opening up, cross-border e-commerce is welcoming unprecedented development opportunities, and its broad stage has injected strong new kinetic energy into the high-quality development of foreign trade. From the consumption craze of “buying the world” to the commercial prosperity of “selling the world”, cross-border e-commerce shows the vitality and resilience of China’s foreign trade in a vigorous situation.
The policy dividend continued to be released, building a solid guarantee for the development of cross-border e-commerce. Since 2015, the Ministry of Commerce and other departments have set up more than 100 cross-border e-commerce comprehensive experimental zones to build a nationwide policy support network; The customs department has innovated the supervision mode, created facilitation measures such as “intelligent document examination” and “fast customs clearance”, and built an efficient and safe green channel for cross-border trade. This series of institutional innovations has provided solid support for enterprises to expand the international market.
As a model of deep integration of digital technology and global market, cross-border e-commerce is reshaping the international trade pattern. Through the digital platform, enterprises can break through geographical boundaries and reach global consumers directly, the transaction chain is greatly compressed and the market radius is significantly expanded. This change especially benefits small and medium-sized enterprises, enabling them to participate in international competition at a lower cost. The data shows that the expansion of cross-border e-commerce in China not only drives the development of modern service industry clusters such as logistics, payment and law, but also creates more jobs, forming a virtuous circle of “trade promoting employment and employment supporting trade”.
In the face of the complicated and changeable external environment, China’s foreign trade has shown strong resilience this year, maintaining a stable and positive development trend. Foreign trade enterprises should seize the opportunity of cross-border e-commerce development, take digitalization as the wing and innovation as the sail, and open up new space in building a new development pattern. By deepening technology application, optimizing supply chain management and cultivating independent brands, enterprises will be able to achieve quality change, efficiency change and power change at a higher level of opening up, and write a new chapter in the high-quality development of China’s foreign trade.
Source: Jintai Consulting
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