08-Apr-19, South China Morning Post
China is going to build 46 new integrated pilot zones for cross-border e-commerce around the country to help revive its pandemic-hit foreign trade, on top of 59 existing ones.
Handout.jpeg "China to set up 46 new integrated pilot zones for cross border e commerce to revive foreign trade(c)Handout")
Image: Handout
The fast growth of cross-border e-commerce in recent years has become a new highlight in the country’s foreign trade. Retail sales at China’s cross-border e-commerce businesses recorded a 38.3 per cent increase and reached 186.21 billion yuan (US$26.4 billion) in 2019, contributing 5 per cent of the country’s overall foreign trade growth last year.
The executive council also announced measures to boost smooth international freight channels, such as China-Europe freight trains, and improve cargo connections in a bid to stabilise global supply chains and fast-track the resumption of work.