At a press conference on “Promoting Consumption Upgrading Through E-Commerce Import” held during the first CIIE (China International Import Expo), Qian FangLi, director of the department of e-commerce and informatization of the ministry of commerce, said: ” we will adhere to the principle of encouraging innovation, inclusiveness and prudence, optimize and improve regulatory measures in accordance with the overall approach of ‘temporary supervision of personal belongings’, while ensuring the overall stability of regulatory arrangements.”
On the whole, this is a good news for both import and export cross-border Ecommerce. Statistics from the UN Conference on Trade and Development shows that the proportion of China’s global trade in services rose from 11.42% to 15.59% from 2005 to 2016.
After joining the World Trade Organization, China’s services trade has grew rapidly. The total volume of imports and exports of the country’s services trade increased from $67.4 billion to about $696 billion from 2001 to 2017, achieving more than 10 times of growth.
“If Chinese companies want to further participate in the international division of labor and cooperation and enhance their status in the global value chain, then developing services is indispensable,” said Zhao Liqiang, global partner of Bain & Company.
We believes that the advantages of Chinese products in terms of quality and scale have made them very popular all over the world, especially in Southeast Asia. With the support of the Belt and Road Initiative, consumers will also further help Chinese sellers to explore overseas markets more efficiently.
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