Cross Border E-Commerce: Ushering In A Period Of Rapid Development With A Growth Rate Of Nearly 10 Times In Five Years

Cross border e-commerce is ushering in a new historical opportunity. At the China e-commerce conference of the 2021 China International Trade Fair on September 3, Ren Hongbin, Vice Minister of Commerce, said that the scale of cross-border e-commerce in China has increased nearly 10 times in five years, which has promoted the high-quality development of trade, cultivated new advantages in participating in international economic cooperation and competition, and has become a new driving force for foreign trade development, a new channel for transformation and upgrading, and a new starting point for high-quality development.

Since the outbreak of new crown pneumonia, traditional trade has been impacted, and cross-border e-commerce has gone against the trend, shouldering the important task of stabilizing foreign trade, driving the transformation and upgrading of traditional foreign trade, and leading Chinese brands to the sea. The data shows that in 2020, the import and export scale of cross-border e-commerce will reach 1.69 trillion yuan, with a year-on-year growth of 31.1%; There were 1800 overseas warehouses with an area of 12 million square meters, an increase of 80% and 50% respectively.

"This achievement has something to do with the effectiveness of China's epidemic prevention and control measures and the release of dividends from the national foreign trade policy, and also reflects the strong competitiveness of made in China." Wei Jianguo, vice president of the China International Economic Exchange Center and former Vice Minister of the Ministry of Commerce, said in an interview with reporters that China's foreign trade import and export will still maintain a double-digit high growth in the next one to two years, and new digital foreign trade platforms such as cross-border e-commerce will enter a period of rapid development.

The "opinions on accelerating the development of new formats and models of foreign trade" issued in July this year clearly requires that we should actively support the use of new technologies and new tools to enable foreign trade development, improve the supporting policies for cross-border e-commerce development, expand the pilot scope of cross-border e-commerce comprehensive pilot zones, improve the global network of overseas warehouses, and improve the digital and intelligent level of overseas warehouses, We will promote small and medium-sized enterprises to take advantage of ships to go out to sea, drive domestic brands, mass entrepreneurship and innovation products, and expand international market space.

Favorable policies continue to promote the prosperity and development of innovation and entrepreneurship in cross-border e-commerce. Zhang Kuo, vice president of Alibaba group and general manager of international station, said that the significance of the platform is to solve the most difficult part of cross-border B2B. More and more small and medium-sized enterprises will benefit from it and realize digital sea going and high-quality development.

"Cross border e-commerce has made significant contributions to helping small and medium-sized enterprises go out to sea, improving the efficiency of industry and supply chain, and increasing employment, especially promoting the digitization process of industrial chain and supply chain." Wei Jianguo said that the new digital foreign trade platform is to "make blood" for small and medium-sized enterprises, and help them cope with the uncertain factors and diversified demands of the global market through digital iteration and realize high-quality development.

Wang Xin, executive director of Shenzhen cross border E-Commerce Association, said that Chinese sellers should speed up the road of building stations in an all-round way, such as opening stores on overseas platforms such as express, eBay and lazada, or build their own independent stations and lay out overseas offline channels. In the long run, with the arrival of more deterministic opportunities, capital will continue to be enthusiastic about cross-border e-commerce and its various segments.

(source: Economic Daily)