China makes push into cross-border e-commerce
The new policy is intended to be the main thrust in China’s foreign trade and thus be more market-led, more accessible and more competitive
Premier Li Keqiang announced on Wednesday that China is set to boost cross-border e-commerce by setting up dedicated “experimental zones,” China Securities Journal reported on Wednesday.
The push into e-commerce is underlined by a desire to promote more employment opportunities, according to the report.
The new policy is intended to be the main thrust in China’s foreign trade and thus be more market-led, more accessible and more competitive, according to the announcement by the State Council.
The “experimental zones,” or special trading zones, will act as grounds for higher technical expertise development, regulatory model experimentation, alongside other “experiments” within cross-border e-commerce trade.
China also intends for cross-border e-commerce to tie up with financial services and smart logistics management, as well as other technological developments, the report said.