More Cross Border E-Commerce Zones Planned to Support Chinese Exporters
The central government is planning to look into the cross border e-commerce in hopes to provide more support to Chinese exporters. During an executive meeting of the State Council, government officials stated that more cross border e-commerce comprehensive pilot zones are needed in China that will provide more support for export development.
This pilot zones must be set up in cities in the East, West and Central China where they have better infrastructure, large scale import and export businesses and a more developed e-commerce industry. Plus the success of the China (Hangzhou) Cross Border E-Commerce Comprehensive Pilot Zone must be copied and promoted in these cities including a one stop financial service system, mutually recognizable administration, exchangeable information and an interdependent law enforcement system between different government departments. This way it can complete an industry chain and ecosystem that is built for cross border e-commerce. Using this new approach, company costs will be lowered and profits increased and exports are given more vitality and upgrades in the long run.
Officials say that more cross border e-commerce pilot zones attracts more export oriented firms and advance the growth of new business models that will lead to efficient administration. Plus it will provide more job opportunities and help the export industry in China reorient itself and gather more advantages. The vibrancy given by cross border e-commerce in China’s export business will reflect in the global industry giant Amazon’s figures for 2015. The number of exporters reaching overseas markets using Amazon has increased 13 times last year as Chinese exporters turnover on Amazon have double during the first three quarters of 2015.
Product categories also been expanded, with the number of exports increased by 87 time compared to 2012. The quality of products have also improved with technology products such as smartphones, tablets, drones and robots being popular exports last year.