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China's cross-border e-commerce soars with 165 pilot zones

25 Feb '23

1 min read

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The total number of China’s comprehensive pilot zones for cross-border e-commerce has now reached 165 since the state council launched seven batches of such pilot areas as of the end of 2022, according to the data from China’s ministry of commerce. Moreover, these pilot zones have now expanded to 31 provincial-level regions in the country.

China's cross-border e-commerce volume has reached 2.11 trillion yuan (approximately $305.67 billion), an increase of 9.8 per cent year-on-year (YoY), with the trade volume of the pilot zones contributing to over 90 per cent of the total, according to data from the General Administration of Customs.

The pilot zones for cross-border e-commerce in China have been effective in maintaining the scale and structure of foreign trade, while also promoting the development of business models and innovation, Shu Jueting, commerce ministry spokesperson, said in a press conference.

Ministry will continue to promote the construction of pilot zones, strengthen international cooperation on cross-border e-commerce and cultivate a group of backbone enterprises, Jueting added.

Fibre2Fashion News Desk (DP)

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