33 New Pilot Regions Confirmed for Cross-Border E-Commerce in China

New Pilot Region for Cross-Border E-Commerce in China Yet Approved
33 New Pilot Regions Confirmed for Cross-Border E-Commerce in China

It has been reported that 33 more new pilot regions for cross-border e-commerce in China have been approved. According to a statement released yesterday by the State Council of China, the establishment of 33 cross-border e-commerce pilot zones in the country has been approved. Thus, the number of cross-border e-commerce pilot regions in China increased to 165.

According to the data released by the General Administration of Customs in China, the volume of imports and exports in cross-border e-commerce in the country has increased approximately 10 times in the last five years. Last year, the foreign trade volume of cross-border e-commerce increased by 18,6 percent annually, reaching 1 trillion 920 billion yuan.

The data reflecting the stable and rapid growth in China's cross-border e-commerce this year showed that the import and export volume of cross-border e-commerce increased by 28,6 percent annually in the first half of the year, and cross-border e-commerce pilot regions played an important role in this regard. .

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