Caspian Energy Journal Caspian European Club
Thursday, 22 November 2018 17:00

China to boost cross-border e-commerce

China to boost cross-border e-commerce

China will expand and improve the existing policies on retail imports and exports via cross-border e-commerce to widen opening-up and unlock the potential of consumption, the State Council’s executive meeting chaired by Premier Li Keqiang decided on Nov 21б Caspian Energy News ( reports with reference to the press statement of the State Council of the People’s Republic of China.

The Chinese government places great importance on developing cross-border e-commerce and other new forms of trade. President of China Xi Jinping stressed in his keynote speech at the opening of the first China International Import Expo that China will stimulate the potential for increased imports and step up cross-border e-commerce and other new forms and models of business. Premier Li Keqiang, in his government work reports over the last four year, underlined the need to promote new forms of industry, including cross-border e-commerce, and adopt a new approach of prudent, accommodating and effective regulation.

Figures from the General Administration of Customs show that between January and October 2018, retail imports of cross-border e-commerce reached 67.2 billion yuan, up 53.7 percent year-on-year.

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Person in charge of the newsline: Olga Nagiyeva 


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