China recently identified another 24 cities as pilot zones for large-scale cross-border e-commerce to boost exports by selling through online platforms. These cities include Shijiazhuang in Hebei province, Fuzhou in Fujian province and Yantai in Shandong province, according to a statement released by the State Council, the country’s cabinet.
China had previously designated 35 cities as venues for cross-border e-commerce. The fresh additions will extend the pilot program to most of China’s big cities.China recently identified another 24 cities as pilot zones for large-scale cross-border e-commerce to boost exports by selling through online platforms. These cities include Shijiazhuang in Hebei province, Fuzhou in Fujian province and Yantai in Shandong province, according to a statement released by the State Council, the country's cabinet.#
Pilot cities typically see their companies enjoy benefits like tax rebates and government support to set up e-commerce platforms and international logistic services, according to the State Council.
Last year, China’s cross-border e-commerce transactions grew 50 per cent to $19.3 billion, according to data from the country’s customs administration. Goods sold for export grew by 67 per cent to 56 billion yuan.
Fibre2Fashion News Desk (DS)