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China pledges to expand cross-border e-commerce pilot zones
CGTN
Livestreamers at a store in a cross-border e-commerce pilot zone, north China's Inner Mongolia Autonomous Region, June 10, 2020. /CFP

Livestreamers at a store in a cross-border e-commerce pilot zone, north China's Inner Mongolia Autonomous Region, June 10, 2020. /CFP

China will actively expand the integrated pilot zones for cross-border e-commerce to cultivate new competitive edges in foreign trade, it said at a Ministry of Commerce (MOFCOM) press conference on Monday.

Some cities have submitted applications to the State Council for the establishment of new pilot zones and MOFCOM will join relevant departments in carrying out related work, said Ren Hongbin, assistant minister of commerce.

The ministry also pledged to formulate guidelines for the protection of cross-border e-commerce intellectual property rights, optimize the list of cross-border e-commerce retail imports, and facilitate the return and exchange management of cross-border e-commerce import and export.

China's cross-border e-commerce has been expanding much faster than overall foreign trade, and its share in overall foreign trade has gone up significantly.

Since 2015, China's State Council has established 105 cross-border e-commerce pilot zones in five batches. The new business model has become a vibrant force driving China's foreign trade growth.

China's cross-border e-commerce imports and exports reached 1.69 trillion yuan ($260.9 billion) in 2020, up 31.1 percent year on year. Over the past five years, China's cross-border e-commerce has grown by nearly 10 times, MOFCOM data showed.

To further spur the growth of foreign trade, China's State Council released guidelines earlier this month on accelerating the development of new forms and models of foreign trade to push forward its upgrading and foster new competitive strengths.

Source(s): Xinhua News Agency

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