China's cross-border e-commerce last year was worth 2.11 trillion yuan ($0.31 trillion), up by 9.8 per cent year on year, according to data from the country’s ministry of commerce. A recent joint announcement released by Chinese authorities said cross-border e-commerce enterprises will enjoy slashed shipment and return costs to support the development of emerging foreign trade business patterns.
The country has introduced a slew of measures in recent years to support the development of cross-border e-commerce. Twenty nine items have been added to the list of retail imported goods in cross-border e-commerce from March 1 last year, according to China's ministry of finance.
Meanwhile, the notes of some listed commodities have been adjusted and optimised based on regulatory requirements, an official Chinese media outlet reported.
Fibre2Fashion News Desk (DS)